The storage facility which is to be built by French-held Expur, is a sizeable one, comparable to export terminals in Romania’s port of Constanta.
“It is currently at the project stage,” said Mihaela Jipa, administrative manager of Expur, without providing further details on the French group’s investment.
An investment in a 95,000-ton silo amounts to EUR4.5-5 million, considering an average price of EUR50/ton, according to market data.
This value is in line with Expur’s investment budget for this year.
If the investment plan is finalized, Expur will double the storage capacity of the facilities it has nearby the Slobozia plant. Here the French company can process around 330,000-350,000 tons of sunflower and rapeseed per year.
On the Romanian market of vegetable oil, Expur competes for supremacy with two other multinational giants, Bunge and Cargill. The vegetable oil market is estimated at EUR300-350 million.
(English version by Daniela Stoican)