Covalact sales - 3m euros

Dairy producer Covalact Sfantu Gheorghe posted five-month sales worth almost 3 million euros, up 10% from last year. However, stocks also went up. "The first months of this year were not great and the sales surge was triggered by the launch of a new product," said Gheorghe Balan, Covalact general manager. According to Balan, the company posted good results after applying 5% price cuts for the basic products and even bigger cuts for the butter prices. Covalact had planned to buy an Austrian milk plant second-hand, but then decided to purchase milk-cooling systems instead. ZF