Carmo-Lact Prod, the Bistrita-based dairy manufacturer, estimates turnover worth approximately 12.5 million euros this year, up 20% on 2007. The company posted overall sales worth approximately 10.4 million euros last year, higher than the target set at the beginning of 2007. "In 2008, we anticipate an increase in sales of at least 20%, considering we signed a number of contracts at the end of last year with various distribution companies and supermarkets, in order to expand the area where our products are distributed," stated Alin Neagos, financial manager of Carmo-Lact Prod. He added that the Romanian dairy market was still forming, and demand for fresh products was rising, which is why the company intends to expand and diversify its range of fresh products. Carmo-Lact Prod invested approximately 1 million euros in upgrading its production facility and buying vehicles, with approximately 150,000 euros allocated for equipment at its own farm in 2007.
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