EnglishCaroli-Foods Group reported revenues of 93 million EUR for 2006, up 50% year-on-year. This growth was due to an investment flow of over 11 million EUR, directed towards production, organizational and human resources development, as well as the acquisition of Cluj-based company Maestro Industries, the launching and promotion of over 30 new products and compliance with the most exigent quality standards.
In 2006, the increase in the number of stores, supermarkets and hypermarkets triggered a corresponding growth in sales. According to Talal El Solh, CEO of Caroli-Foods, the company estimates that 2007 will bring a dynamic evolution, greater competition and new oportunities on the European markets.
In 2007, Caroli Foods will continue to invest in the charcuterie factory in Pitesti , the opening of two logistics centers (Cluj and Pitesti), as well as the expansion of its store chain in Ardeal.
The company will also develop its product portfolio and distribution network. Caroli-Foods Group aims for revenues of 125 million EUR at the end of this year.
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