“We estimate Moara Cibin’s market share at 2.5%-3%”, per the company’s annual report.
In 2020, despite the COVID-19 pandemic, Moara Cibin had a net profit of RON3.8 million, up 22% on the year. Also, its average staff number grew to 154 from 148, data from the company’s annual report also show.
Boromir Group, the majority shareholder of Moara Cibin (80%), sells milling and bakery products – flour, bread, cakes, pretzels, candy, frozen bakery products and natural juices.
In 2020, Boromir invested EUR8 million in boosting grain storage capacity and corn flour and bread production capacity to meet rising demand. Bormir Ind, the largest company of the group, had a turnover of RON314 million and a profit of RON10 million in 2019, per finance ministry data.