Interagro cuts 30% of its business estimate
Interagro, the largest player in the Romanian chemical and agricultural industry, is estimating €1 billion in turnover in 2008, down 30 percent from initial estimates, due to the financial crisis, which has led to the temporary closure of the group’s chemical complexes, according to Ioan Niculae, the company’s President. If the company is forced to […]
Interagro, the largest player in the Romanian chemical and agricultural industry, is estimating €1 billion in turnover in 2008, down 30 percent from initial estimates, due to the financial crisis, which has led to the temporary closure of the group’s chemical complexes, according to Ioan Niculae, the company’s President.
If the company is forced to shut down the complexes permanently, Niculae sees the solution in fields such as the food industry, live stock farming, agriculture, electricity, bioethanol, and concrete production.
Niculae said that agriculture and the food industry are Romania’s growth engine. “The value of every euro invested now in agriculture will triple next year,” said Interagro’s President.
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