Timis added that the company will increase investments this year, from EUR5 million to EUR8 million, due to the first quarter results.
Cris Tim will invest this year in a ready meal factory, a winery, an ice-cream factory, in logistics and in boosting the production capacity of its already existing factories.
Last year, Cris Tim group invested a total of EUR8 million in a salami factory, the expansion of its dry cured meats production, automated packaging lines, quality management and increased storage capacity.
Cris Tim’s main competitors on the local market are Caroli, Agricola, Kosarom and Elit.