Inaugurated in May following a EUR93 million investment, Prio Extractie is based in the town of Lehliu, Calarasi county. The factory, owned by Prio Foods, is the largest vegetable oil processor in southeast Europe.
The facility has an annual production capacity of 316,000 tons of oil and 340,000 tons of grist. The workforce is expected to increase to 200 over the next period, from 90 at present.
“Given the expected volume of operations, ensuring the liquidities necessary for the factory production was paramount,” said Susana Ferreira, Chief Financial Officer of Prio Extraction SRL.
Prio Foods is the local division of Portuguese group Martifer. The group employs around 500 staff in Romania and runs business in agriculture, constructions and renewable energy sectors.