"Titan" to launch a plant which will produce buns for "McDonald"s"

Ovidiu VRÂNCEANU, Braşov (translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 13 octombrie 2010

Milling and bakery company "Titan" announces that on October 18th, it will open a factory which will produce buns for "McDonald"s" restaurants in Romania and Bulgaria. The plant will be located on the "Titan" Platform.

At the end of H1 2010, the company had losses of 6.56 million lei, down from a profit 5.02 million lei at the end of H1 2009. The company"s turnover dropped 4.6% in the reviewed period, from 115.37 million lei to 109.96 million lei.

Austrian company LLI Euromills Vienna holds 97.58% of the company"s stock, with the rest being held by various other shareholders.

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