Belgium bakery group invests another EUR 12 mln in Romanian subsidiary
Romaniaʼs frozen pre-baked bakery and pastry maker Lorraine, part of Belgiumʼs family-owned La Lorraine Bakery Group, has invested EUR 12.5 million on a fifth production line at its factory in Campia Turzii, central Romania (409 km northwest of Bucharest), Wall-street.ro reported, as cited by news portal Romania Insider.
The products made at the Campia Turzii factory will go to the domestic market and will also be exported to countries such as Serbia, Bulgaria, Hungary and Greece.
The investment entails the creation of 60 new jobs; 20 people will be hired by the end of this year, and 40 more operators by the end of 2020.
The fifth production line is dedicated to high quality rustic bread, and is almost entirely automated, with a production capacity of 160,000 products per day, romania-insider.com says.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
