The cold meats producer Angst Ro Bucharest is planning to add a further five stores to its food store network next year, bringing the number of stores in the network to 26.
"We opened six stores this year and expansion in this direction is part of our development strategy," says Sorin Minea, general manager of Angst Ro. The amount of investment required per store ranges between 150,000 and 300,000 euros.
The company turnover last year was 21 million euros.
Minea expects this year's sales to increase 20% in terms of quantity, but was unable to specify the precise value of the increase.
"Our growth has been much better than that of the overall cold meats market, which has had an atypical year in terms of raw material prices, customs duties for imports of raw materials, and the confusing political climate of the second half of the year," explained Minea.
Earlier this year, the company chose to give up on a project involving the construction of a supermarket in the Baneasa area together with a foreign partner.
Minea, who is also chairman of Romalimenta, an organisation of the main food industry players, said he was unwilling to make any forecasts for the cold meats market for next year before this Sunday's elections.
Industry players are awaiting the new government's policy on customs duties for raw materials, since the maintenance of low levels due to the domestic pork production crisis is due to for review at the beginning of next year.
stelian.negrea@zf.ro
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