The plan is to increase the number of stores, after having covered Cluj County with 40 retail bakeries, but the entrepreneur says he does not want too aggressive an expansion, though. The company has more than 600 employees.
“We expanded, we opened a store in Oradea, it’s a success, it was well received, people are happy. We will open two more bakeries in Oradea, we have the space rented already. We will not expand aggressively (…),” the entrepreneur said.
Panemar has its own factory, with a production capacity of 25 tons of bread and 5.5 tons of pastry a day. The company ended 2018 with 76.1 million lei (EUR16 million) revenue, 18% higher than in the previous year. The company has kept the same growth rate in the past two years, as shown by publicly available data.(EUR1=RON4.7437)
(English version by Loredana Fratila-Cristescu)