Orkla Continues to Invest in Romania

F.A.
Ziarul BURSA #English Section / 12 aprilie 2007

As of April 2007, Orkla Group will increase the share capital of Orkla Foods Romania by 35 million RON. The group made the decision to provide this cash injection in order to sustain the short and long-term projects planned for Romania.

The group"s priorities include investments in the five production facilities in Craiova, Bucharest, Covasna, Iasi and Targoviste, especially the modernization of the factories and equipment, as well as the increase of production capacity for products such as ketchup, sauces, pate and canned meat.

Orkla Foods Romania was established in 2002, following the acquisition of Topway Food. The company is part of Orkla Group, one of the largest companies listed on the Norwegian stock exchange.

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