Eusebiu Gutu bought the compound in 2021 and since then until 2023, the company’s turnover increased six times.

Also, the company generated RON112 million net profit, more than double the 2022 level.

The soaring revenues were mainly registered as Chemcag complex of Slobozia, which Eusebiu Gutu acquired in 2021, became operational again. At that time, Eusebiu Gutu bought the complex from businessman Ioan Niculae, owner of Interagro group.

Another deal sealed between the two businessmen was related to Fagaras chemical fertilizer plant.

(English version by Catalina Apostoiu)