Nawaf Salameh, founding chairman of the group, says it managed to boost production by 40% and turnover by 20% last year and aims to reach EUR2 billion turnover in five years.

He is confident this will be achieved and believes Romania will stand to gain from this as half of production could be generated in Romania and sold worldwide.

The group, already present in over 60 states, also wants to open production units in the US, Greece or Brazil.

Alexandrion Group is the biggest alcoholic drinks producer in Romania by turnover. The group also has import operations and makes wine under Iconic Estate umbrella.

At group level, Alexandrion ended 2020 with turnover worth almost RON955 million (EUR200 million). Its development continues, with the company set to open a single malt distillery in the next 1-2 months.

(English version by Catalina Apostoiu)