“Currently, 6% of our turnover comes from contracts with McDonald’s,” says Violeta Niculae, Titan’s marketing manager.
In the first nine months, the company recorded a turnover of EUR63.2 million, up nearly 50% against the similar period of 2010.
Company representatives did not, however, mention the growth drivers.
If the turnover growth rate recorded in the first nine months is kept for the rest of the year, Titan will end 2011 with a turnover of EUR84.3 million.
Considering a turnover of around EUR80 million, the contract with McDonald’s contributes almost EUR5 million.
Titan opened a bun facility in Cernica, near Bucharest, in October. The facility has a production capacity of 275 million buns per year and entailed a EUR16 million investment.
“We produce buns for other clients as well, not only for McDonald’s. An expansion of the production capacity will not be needed until 2015.”
(English version by Daniela Stoican)