The company exports to 16 markets after entering Serbia’s market this year.
Rising energy costs are hurting producers owning facilities in Romania as electricity prices soared by over 250% in just six months, explained Dragos Militaru, general manager Kandia Dulce.
Austria’s Julius Meinl, the owner of Kandia Dulcea, maintains its long-term commitment to the Romanian market, but Dragos Militaru says the fast price increase on the Romanian market are hard to explain to shareholders.
With two production units in Bucharest, the company has completed a EUR600,000 investment.
Kandia Dulce has reached 464 employees in Romania, plus 120 people indirectly working in market activities.
The company is readying investments for 2021 and 2022 ranging between EUR500,000 and EUR1 million. The producer in 2020 posted turnover of almost RON140 million, after an 8% decline from 2019.
Nevertheless, this year is likely to bring an increase of above 16% from 2020.
(English version by Catalina Apostoiu)