The number of employees of the manufacturer will reach 650 upon completion of the project next year from the current 250.
“The first phase of the project entails an about EUR7 million investment and will be self-funded. It will begin in March and be completed in October,” Damian Mereu, owner of the Onesti-based manufacturer, told ZF.
The investment will go towards new production facilities and equipment and developing capacity. The company is waiting to see if it gets an about EUR5 million state aid to proceed with the next phase, which should require an EUR7.5 million investment, Damian Mereu added.
Croco is the leading manufacturer on the cracker sticks and pretzel segments, hence the development of the production capacity of the plant in Onesti. It posted more than EUR30 million revenue in 2016 and is also a top three manufacturer of sweet biscuits.
(English version by Loredana Fratila-Cristescu)