Funds will be used to ensure the liquidity needed for the company’s current activity and were granted based on state guarantee issued within the COVID-19 state aid scheme intended for large companies.
Oltina Impex Prod Com, specialized in the manufacturing of bread, bakery and pastry products and their distribution, is headquartered in Urlati (Prahova County), and operates through 13 working points (production, stores and silos) located in the counties of Prahova, Ialomita, Galati and Teleorman.
The company’s products are distributed across Romania, where its clients include, among others, large retail chains, the leading bread manufacturers and leading grain traders, as well as in some European Union countries and in Asia. The company has over 500 employees and had a turnover of nearly RON427 million end-2019.
To develop its grain storage capacity, Oltina acquired three storage bases, in 2018, in the counties of Ialomita, Teleorman and Galati, which boosted its storage capacity to over 120,000 tons. The company has continued to increase its storage capacity, which currently reaches some 260,000 tons of grain.