A Sofiproteol delegation, led by president Xavier Beulin and general manager Philippe Tillous-Borde, was welcomed at the government headquarters, for talks on the group’s investment projects for Romania in upcoming years.
After the meeting, the government issued a press release whereby the French group plans to invest EUR10 million this year in upgrades at the Slobozia and Urziceni seed processing plants.
The Urziceni and Slobozia process 300,000 tons of oleaginous seeds per year, making edible oil, fodder and biodiesel.
Sofiproteol is a holding with annual sales of more than EUR5 billion. It bought last year Romanian firm Expur Bucuresti, the owner of the two plants, from U.S. company Alimenta.