“In 2014, we plan to invest nearly EUR2 million in the construction of grain silos and the investment will be financed through the European Agricultural Fund for Rural Development (EAFRD),” Biso Romania representative, Razvan Petcu, told the MEDIAFAX Talks about Agriculture conference Thursday.
This will allow Biso to enter the cereal trading market, as the silos will be used to store the grain received from farmers willing to buy farming machinery from the company.
“It is a financing system for the acquisition of agricultural machinery. The company will receive grain, not money, in exchange for farming machinery and then, it will sell the grain. Biso will thus become grain trader,” said Petcu.
Biso products are manufactured in its factories in Austria and Slovakia.