The investment is set to generate turnover of EUR2 billion at the level of the entire business over the next five years, with turnover in Romania due to hit EUR500 million, according to the company’s representatives.
“In Romania we are going to build a new distillery for Brancoveanu XO. We will also build a new large distillery to particularly distill the first Romanian single malt we will shortly launch in limited edition,” says Nawaf Salameh, Alexandrion Group chairman and founder.
The company also envisages fast expansion abroad and is set to build three very large distilleries in two countries of Europe where it will make national beverages. On the US market, it already has two distilleries under construction.
Alexandrion Group is leader in the production and distribution of wines and spirits in Romania and the only producer of single malt in Romania. The group consists of Alexandrion Distilleries and SABER 1789 Distilleries.
(English version by Catalina Apostoiu)