The business previously held by Ioan Niculae is one of the largest grain producers in the country, farming more than 20,000 hectares of land in Ialomita County.
“The most important investment projects we have are renewing and upgrading the farm equipment (RON15 million), expanding the irrigation system (RON12 million), boosting storage capacity (RON12 million),” Intercereal officials told ZF while answering the questions sent for the ‘Cei mai mari jucatori din economie’ (Key players in the economy) ZF yearbook.
Intercereal posted RON115 million revenue in 2020, 9.5% higher year-on-year, despite the drought, which affected both spring and winter crops. Profit tripled to RON18.5 million. The company also hired 40 people for a total of more than 160, its representatives said.
(English version by Loredana Fratila-Cristescu)