With a storage capacity of 300,000 tons, the company held by Romanian entrepreneurs Tase and Dina Mergeani should become one of the largest storage capacity businesses in the country, like the major foreign traders. Swiss-held Ameropa group has an about 600,000-ton storage capacity, while the grain trade market leader, China’s Cofco, has a capacity of about 300,000 tons, according to the latest data available to ZF.
Cereale Colect Distribution ended 2020 with RON432 million revenue, an increase of 3% year-on-year, and the number of employees went up 10% to 140, publicly available data show. It also posted RON28.8 million profit, 2.5% more than in 2019.
(English version by Loredana Fratila-Cristescu)