The group plans to bring kefir and cheese from its own production to hypermarkets this year.
The group, controlled by local entrepreneur Ion Grecu, specializes in energy infrastructure design and building, with Cernavoda nuclear station among its main clients.
In recent years, Grecu has gradually built a parallel farming business, starting from a land plot in Constanta where he initially planned to build renewable power projects. Now, the land plot is cultivated with grain, used by a concentrated fodder plant serving a 6,000-goat farm.
Grecu is thus among the biggest goat farmers in Constanta and his company targets 12,000 head by 2016. Until then, the company will add another unit to its chain.
“At this moment, we’re carrying out final technological tests for the dairy plant,” showed Elcomex representatives, mentioning total investment in the vertically integrated business has so far reached RON140 million.
As regards distribution, the group plans to be present in all hypermarket and supermarket networks with its own milk, yoghurt, cheese and kefir brands.
“We plan to sell in the entire Europe and not only”.
In the energy field, after carrying out works for Transelectrica and a 206-MW wind park developed and sold to Italy’s Enel, the core company of Grecu’s group, Elcomex IEA, reported revenue of EUR65 million in 2012, from EUR37 million in 2011.
“Revenue slid on the lack of renewable power projects. The field in currently blocked,” said Elcomex officials.
On investors’ waning interest in green energy, Elcomex shifted to rail infrastructure rehabilitation works. For 2014, the company wants to lift revenue toward RON155 million (EUR35 million).
(English version by Catalina Apostoiu)