It also made about RON6 million (EUR1.3 million) net profit, 29% lower than in 2018, when the meat processor posted RON8.5 million (EUR1.8 million) net profit, according to publicly available data.
The Kosarom group was established by entrepreneur Neculai Apostol in Pascani (Iasi County, NE Romania) almost 30 years ago, who has already turned the business over to his sons, Lucian and Teodor Apostol. The group has invested more than EUR60 million in its companies – Industrializarea Carnii Kosarom – meat processor, Suinprod – swine farming and Avi-Top – poultry farming in the last few years, as decided by the new management.
Kosarom SA was the first food industry business privatized in Romania, in 1992. Kosarom’s brands are Kosarom, deAcasa, Bunatati de la Badia, Herkule.
(English version by Loredana Fratila-Cristescu)