Boromir Group, which posted 314 million (EUR66 million) revenue in 2019, 17% higher than in 2018, announced early in 2020 it had budgeted EUR10 milion investments in silos and in milling and bakery operations, as its officials have previously told ZF.
“This project entails installing three metal vertical storage silos and their loading and unloading systems (…) There are six small silos already in place, which cannot handle the necessary capacity,” the project presentation memo shows.
Boromir officials did not return ZF’s calls for comment by press time.
The current project will be implemented over two years. It will have a gross area of 11,900 square meters and a grain storage capacity of 10,280 tons.
The total investment will amount to some EUR1.5 million, with EUR450,000 going to the already existing silos and EUR400,000 to the new silos, while building and assembling them will cost EUR500,000.
Boromir is now one of the leading actors on the bakery market, along with Vel Pitar, Dobrogea Grup and Sam Mills.
(English version by Loredana Fratila-Cristescu)