Galmopan Galati makes 30m-euro investment

Galati-based group Galmopan will invest around 30 million euros to expand the plant, which produces sugar-based products and relocate its bakery and milk processing plants, said the company's majority shareholder, Petrica Herascu. "We will invest 15 million euros to expand our operations within the Braila Free Trade Zone, where we recently inaugurated a biscuit factory, where we will build storage facilities and introduce new lines to manufacture sugar-based products," said Herascu. Galmopan started production at the biscuit factory at the end of October, with investments worth over five million euros, from both credits and the company's own sources. The plant was built on a 28 hectare plot in the Braila Free Trade Zone, which has been leased for a 50-year period. The milling and bakery group will invest a further 15 million euros to relocate its milk processing facility and bakery in Galati, as well as its bakery in Braila, to Vladeni, which is located between the two towns, on a ten hectare plot held by the company.