“Export is a significant part [of our business] that ensures stability (…). We export more than 30 products to several continents,” Damian Mereu says.
He will not say how high the exports are, but Croco is the leading Romanian-held food exporter in Bacau County. The leading exporter of that county is wood processing business Holzindustrie Schweighofer, followed by aircraft component manufacturer Aerostar, according to National Statistics Institute data, which put the total exports of Bacau County at EUR433 million.
Croco’s sales have grown gradually even during the crisis years, and reached 115 million lei (EUR26 million) last year. The entrepreneur expects growth of more than 20% to almost RON140 million. The first signs of growth came after the first half, which the company ended with 11% higher sales than in the year-ago period. (EUR1=RON4.4222)
(English version by Loredana Fratila-Cristescu)