Thus, brothers Ion and Nicolae Hertea, who control the Fraher group of firms with total revenues of almost RON130 million in 2020 (over EUR25 million) from trade through its own supermarket chain, food distribution, meat production, will also tap the milk processing segment and part of milk quantities will come from their own cow farm.
“We boosted the budget for the plant by 30% because of rising construction materials prices and I believe this will be completed this December. We put total investments at EUR6 million,” Nicolae Hertea, Fraher stakeholder, told ZF.
The group is made up of three legal entities: Fraher, Fraher Retail and Fraher Distribution.
The plant will have a processing capacity of 15,000 liters of milk per day, according to Nicolae Hertea.
The group has around 350 employees, in line with ZF calculations based on public data.
(English version by Catalina Apostoiu)