The development unit of RTC Grup estimates the company's turnover will grow six times over the next five years, to 60 million euros.
"We will try to also start production on the alcoholic beverages segment, by acquiring some vineyards and creating our own brands. There's room on the wine market for high-quality brands," stated Sebi Vasilescu, manager with the development unit of RTC Group.
He says production of low-quality wines on the market will dwindle in the next years, amid the endorsement of European regulations in the domain. By contrast, the wine market will witness growth on the medium and upper segments, amid the rising purchasing power.
The development unit of RTC group now has three sub-units: food & beverages, production and real estate. It was set up early this year, in the wake of reorganisation of the group.
The food & beverages sub-unit is the smallest component of the development unit, but RTC plans to achieve growth on this segment, so that it may reach turnover worth almost 30 million euros in the next five years, according to Vasilescu's estimates.
The food & beverages sub-unit includes Depozitul de Vinuri, Aqua Regis, a bottler of natural mineral water for water coolers, BR Dinamic (importer of German Krombacher beer), Depozitul de Legume si Fructe, Delicatering (a catering firm).
"Distribution will be our main development direction, but will also focus on retail by expanding outlets for imported beverages," mentions Vasilescu.
The group owns the Vices & More wine store in Plaza Romania shopping centre in Bucharest, with international brands exceeding 80% of the total display space. Vasilescu also says that as regards alcoholic beverages retail, the group plans to cover all price segments.
The food & beverages sub-unit, together with Flaro group, which RTC took over last year, plus the real estate sub-unit, registered turnover worth 10 million euros in 2005. The company's representatives project consolidated turnover worth 20 million euros for this year, amid expansion on several market segments.
Stationery distribution, through Office Express, is still at the core of RTC group. Office Express reported turnover worth 21.4 million euros in the first half of this year, up almost 10% compared with the similar period of last year.
"Last year, RTC group pursued several lines of development, by taking over and setting up several firms (...)," says Vasilescu.
RTC Holding is one of the biggest fully Romanian-owned groups on the market. The group estimates it will reach consolidated turnover worth 275m euros this year, 18% higher than the turnover reported in 2005. According to its own estimates, the group's value stands at around 130m euros.
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