The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
150 jobs Number of planned job creations
Announcement Date
15 February 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Caroli Foods, one of the top three charcuterie producers in Romania, started building a new manufacturing plant for row-dried products in February 2006. Located in Piteşti (Sud region, Argeş county), the plant is the second one within the group and will attract investment worth €4 million.
The contruction of the raw-dried products plant covers only 40% of the 2006 investment budget. The group will also spend about €6 million to boost the production capacities of the existing plant, placed in the same location, Piteşti, as well as to improve the IT, logistics, and marketing systems.
The new production centre, with an area of 7,000 square metres, will become operational late this year and will create 150 jobs.
The chairman of Caroli Foods foresees turnover growing by 55% in 2006, which will take the deals to around €96 million . Over the last two years, the company's growth has gone beyond 40%. In 2006, it has a market share of 12% in meat products.
Caroli Foods had acquired several competitors in recent years, e.g. in December 2003 the company Gourmet.
Sources
16 February 2006: Ziarul Financiar
15 February 2006: Economistul
Citation
Eurofound (2006), Caroli Foods, Business expansion in Romania, factsheet number 63075, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63075.
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