“We budgeted EUR6 million investment in completing a silo with a 30,000-ton storage capacity in the Galati harbor and another one million euro investment for upgrading the existing silos, which already have the necessary infrastructure for railroad transportation (…),” Angelo Nicolae, general manager of Brisegroup, told ZF.
Brisegroup revenue dropped 13% to 971.5 million (EUR216 million) last year but the profit rose 2.3 times from RON0.8 million in 2015 to more than RON2 million, according to publicly available data.
Grain trade accounts for 85% of Brisegroup’s revenue, the company said.
(English version by Loredana Fratila-Cristescu)