“We will build a new grain facility. We’ve got the approval for a EU funded project of about EUR2 million. We will start construction this year and complete it next year,” said Dan Corbut, the owner of Agroind Cauaceu, one of the largest entrepreneurial companies in Bihor. The company posted 5% growth in revenue in the first half, and the entrepreneur expects the growth pace to continue by yearend. Revenue could therefore reach EUR59 million to EUR60 million in 2017.
Agroind Cauaceu is the third largest Romanian privately-held company in Bihor County after Votrom (fuel distribution) and European Food (food industry). The company sells grain, farm inputs (seeds, fertilizers, pesticides) and also farms 4,000 hectares of land on which it grows grain.
(English version by Loredana Fratila-Cristescu)