EnglishPoultry producer Transavia has increased its share capital by 5 million EUR to 6,2 million EUR. The significant share capital increase was done through cash injection from majority shareholder Ioan Popa, who controls 99,99% in the company.
Last year, Transavia invested over 11 million EUR, up 57% from 2005, while net income totalled 5,5 million EUR. This year, the company plans to invest in its production and processing capacities and develop its product portfolio. The start-up of Transavia"s new meat processing plant is scheduled for this autumn. This year, the company intends to consolidate its position as absolute leader in the domestic poultry market, expecting turnover of 50 million EUR and net income of 8 million EUR.
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