Panipat Group will kick off a $3m investment programme this year, aimed at the acquisition of equipment and expansion of the production capacity of the Bucharest-based plant, said Florin Burculescu, marketing manager of the group's pastry, cakes and pizza division. Panipat is also planning to open three more stores, with the total investment set to reach 10 billion ROL. The pastry, cakes and pizza division of the group estimates 2003 turnover to reach about 10 million dollars, up 15% since last year. ZF
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