This is the largest capital inflow received in 2014 by a sweets industry player, after the capital got by ETI European Food, the local subsidiary of Turkey’s group ETI, which builds a sweets plant in Craiova.
The capital infusion received by Nestle Romania comes as in late 2013 Herve de Froment, the company’s general manager, said in an interview with ZF the company was readying a “significant” investment in the Timisoara plant and it would certainly boost production. He did not offer any details about the value of investments at that time.
By edition close, the company’s representatives did not answer ZF’s questions about the destination of received capital.
The Timisoara plant is the only one the Swiss group owns in Romania. It manufactured Joe wagers, Nescafe coffee, as well as other brands destined abroad.
According with the latest data, the plant has 440 employees and its area revolves around 21,000 square meters. The unit has a production capacity of over 12,000 tons per annum.
In the first six months of 2014, the company generated revenue worth around RON311 million and net profit of some RON11.3 million, according with public data.
(English version by Catalina Apostoiu)