Romanian Poultry Company Invests in Its Processing Businesses06 March 2014
ROMANIA - Transavia has announced investments of €10 million to increase feed production and to modernise its poultry farms and meat processing capabilities this year.
Transavia has budgeted investments worth €10 million for this year, directed to launch the soybean production for feeding poultry, reports The Diplomat. After the completion of the investment, the company will provide about 85 per cent of the soybeans necessary for cattle and over 90 per cent of the raw materials for its poultry feed.
Expanding the production capacity of feed comes about two years after the company set up its arable business, which now covers 8,000 hectares in Alba, Sibiu and Cluj.
Integrating the production chain contributed to Transavia profit growth in the last year. In 2012, the company reported sales of 426.9 million lei (RON; about €96 million), up 19 per cent from 2011, and a net income of RON33.7 million (€7.5 million), 28 per cent more than the previous year's value.
In addition, 2014 investments also target the development of the production process technology and continuing the communication of Transavia products to consumers and business partners, according to company officials.
In 2013, the company invested €8 million in the modernisation of three poultry farms, a temperature-controlled warehouse for meat, vehicles and agricultural equipment. The company turnover increased by almost 10 per cent last year, according to official data published by the company.
Transavia also conducts a social responsibility programme, which recently included a contribution towards the refurbishment and modernisation of the operating surgery in the hospital in Alba.
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