“Our development plans include EUR20 million investments over three years, through a sound partnership with the banks that facilitated the loan,” says Gabriel Stanciu, general manager of Pehart.
The money comes from BCR, ING, Raiffeisen and OTP Bank Romania and will be used for the development of the plants, among which new facilities and investments in state-of-the-art equipment to boost production and add new products.
The loan will help the group increase its market share in Romania and the countries in Central and Eastern Europe through new products and market segments for its own brands. The increase in production capacity will also help it serve the private label product market, its officials say.
(English version by Loredana Fratila-Cristescu)