“The results obtained by the end of September 2011 are slightly higher than the value estimated in the beginning of the year,” said Florin Cuturuba, the company’s sales manager, adding the growth is based on the expansion of the retail network.
Lem’s includes 108 units, and the plant is located in central Romanian county Prahova. The plant was set up 20 years ago, and expansion on retail has been accelerated over the past several years.
Early-2011, Lemet announced it is planning to invest 16 million lei (EUR3.8 million), double the amount invested in 2010. The money would be used on the development of production and the expansion of the Lem’s network.
Nine months into the year, the company says the main projects were the expansion of the network, the launch of an industrial hall with a surface of 6,000 square meters, and the implementation of a EU-funded project that required an investment of EUR6 million, for improved flexibility in production.
Earlier estimations by the company put this year’s sales at RON176 million (EUR41.2 million), up 23% on the year.