Porumboiu exceeds his target by €50 mln, in spite of the crisis
Adrian Porumboiu, President of the Racova Com Agro Pan Vaslui group, a major producer in the Romanian agricultural and food sectors, said he is estimating a 2008 turnover of over €250 million, €50 mln above the initial estimate, due to massive investments in increasing production capacity, modernization, and a very good agricultural year. “I said […]
Adrian Porumboiu, President of the Racova Com Agro Pan Vaslui group, a major producer in the Romanian agricultural and food sectors, said he is estimating a 2008 turnover of over €250 million, €50 mln above the initial estimate, due to massive investments in increasing production capacity, modernization, and a very good agricultural year.
“I said it before and I will say it again: the food industry and agricultural production will never die, because people have no choice. They have to eat,” Porumboiu told Business Standard.