The Mexican bakery giant has acquired Vel PItar SA – a major player in branded breads and other baked goods in Romania – from US private equity firm NCH Capital for an undisclosed amount.
WH Group Limited, parent company of Smithfield Foods, has announced the acquisition of two meat processing businesses in Romania, further strengthening its Eastern European presence.
Romanian meatpacker CIA Aboliv to post revenue of €18 million in 2017 - an increase of 20%from last year - and raise the share of exports in its sales to up to 15%, according to senior company representatives.
French supplier Solina will acquire the Romanian functional ingredients firm Supremia in what it says is a major step to creating a regional hub in Eastern Europe.
Romanian poultry meat processor Aaylex has completed a number of investments estimated to be worth more than €16m with the aim of expanding the capacities of its breeding facilities and slaughterhouse, and the launch of a new feed mill in Făurei in the...
Romanian meat processor Caroli Foods Group will invest €6 million to upgrade production, logistics and IT capacities of its plant in Piteşti, according to senior company representatives.
Danish pig breeder Premium Porc will invest €35 million to expand two Romanian pig farms, located in Brăila and Sibiu, and increase slaughter capacity.
Two Romanian meat processors, Marcel and Morandi, are planning to significantly increase their revenues this year, with higher export sales driving improved results, according to senior company representatives.
Following a decision made by the Romanian government to reduce the VAT on meat and processed meat products from the rate of 24% to 9% this year, the country’s retail chains posted a solid increase in meat sales.
The Romanian government has decided to halt exports of live cattle and sheep to the EU following the outbreak of bluetongue disease in a number of the country’s counties.
The Jordanian Ministry of Agriculture has decided to ban imports of cattle and sheep from the Romanian market, following reports by the World Organisation for Animal Health (OIE) on detected instances of bluetongue disease in Romania.
Romanian Deputy Prime Minister Liviu Dragnea has announced plans by China to launch imports of sheep meat from Romania following last year’s signing of two agreements to export Romanian pork and cattle to the Chinese market.
The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.
Symrise is expanding the capabilities at its site in Vienna in a bid to gain more traction in the southeastern European market, with a particular focus on fat-based products.
Cargill is to move towards full ownership of a leading grain and
oilseeds firm in Hungary, as the US agricultural giant continues
its strategy of expanding its presence in Central and Eastern
Europe.
Bunge appears set to consolidate its position in the edible oils
market in order to meet growing demand amongst Eastern European
consumers and processors.
Europe's largest retailer Carrefour has announced plans to invest
€82m in Romania, following the purchase of key land sites in the
country and the recent acquisition of the Hyperlo chain.
Agrana, which claims to be the leading sugar and starch producer in
Central and Eastern Europe, plans to expand its activities towards
the Western Balkans.
The European Commission has cleared Carrefour's outright purchase
of rival French chain Hyparlo, following an investigation into the
supermarket's anti-competitive behaviour.
German retailer Rewe has shown increasing reliance on its
successful Central and Eastern European (CEE) supermarkets, as
insignificant growth in the domestic market stunts overall
performance.
Acquisitive US ingredients firm Cargill builds up edible oil stocks
in Eastern Europe, announcing plans to buy a sunflower seed
crushing facility in Ukraine from Ukrainian consumer food company
Chumak, writes Lindsey Partos.
The European Bank for Reconstruction and Development moved to calm
investor fears over state intervention in Russia and outlined a new
focus on Eastern Europe at its annual conference, reports Chris
Mercer.
Romanian luxury products and beer producers say their survival is
threatened by the increase of the production and utilities excises
in the build up to the country's new Fiscal Code, yet analysts
believe consumer price rises...
Swiss food giant Nestlé has boosted its Romanian production
capacity with the installation of a new chocolate wafer production
line at its Timisoara-based unit, Joe. The investment reflects the
rapid growth of the Romanian snack market,...
Romania and Bulgaria are set to sign EU membership treaties within
the next two months while Ukraine steps ever closer to the bloc,
offering hope to food producers and retailers seeking new,
potentially lucrative markets. But quality...
US-based investment group New Century Holdings intends to
consolidatemarket leader Vel Pitar's position as Romania's
topbakery, writes Bogdan Tudorache in Bucharest.
US-based investment group New Century Holdings intends to
consolidatemarket leader Vel Pitar's position as Romania's
topbakery, writes Bogdan Tudorache in Bucharest.
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
US giants PepsiCo and General Mills have bought their way in to the
Romanian snacks market in anticipation of strong growth in the next
few years, though analysts warn that growth is far from that of the
Czech Republic, the regional...
Romania's entry to the European Union took a tentative step closer
yesterday after the European Commission confirmed that the country,
and neighbours Bulgaria, were on track to join by 2007 -
encouraging news for food producers...
Nestlé Romania has confirmed that it is to invest a further €3.5
million in its factory in Timisoara, as the company reaffirms its
ambitions to dominate the all-important wafer market in the region.
The dynamic performance of the Romanian chocolate sector continues
to gather pace with the announcement from Supreme Chocolat that it
has increased its sales in the first quarter by an impressive 120
per cent.
Romanian sugar producers say they are facing possible collapse
because of suffocating sugar quotas which have been in place for
the last five years, in the run up to accession.
Focusing on expanding its operations in Romania has helped French
retail group Hyparlo offset the impact of the sluggish domestic
economy - and clear its debts to free up more cash for further
growth, writes Chris Jones.
Bunge Europe is continuing to increase its share of the edible oils
market in the region. The US-owned agro-food giant has announced a
significant increase in its share of the Romanian edible oils
market for 2003, following its recent...
Romanian bakery group Vel Pitar looks set for further expansion
after announcing that it intends to become more acquisitive and
that a significant increase in its investment programme is mooted
for the year.
Having recently announced that it is selling its stake in the
Carlsberg brewery, Norway's Orkla Foods is continuing its aim to
increase its presence in the Eastern European market with the
acquisition of more facilities to expand...
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
Sluggish market conditions in France were weathered well by
Hyparlo, the Carrefour franchise operator, in 2003. And a strong
progression in Romania, helped by store openings there, gave an
extra boost to results.
The collapse of Italian dairy giant Parmalat -and revelations of
massive and widespread fraud - has been felt throughout the world,
not least because the Parma-based group was such an international
player. In central and eastern Europe,...
One of Romania's leading and longest established chocolate makers,
Excelent, has relaunched its Kandia branded chocolate under a
multi-million dollar investment. The money has also included an
extensive revamp of its production...
In a transaction that aims to provide Hungarian shoppers with a
wider variety and cheaper prices, the European Bank for
Reconstruction and Development and Raiffeisen Zentralbank
Oesterreich have arranged a €160 million loan to finance...
The one-off gain from the sale of its Italian stores to Carrefour
has helped French retail operator Hyparlo to a significant
improvement in profits in the first half. The company will now
focus on its domestic and Romanian businesses,...
