The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.
Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog
Tuesday, November 09, 2004
US meat processing giant Smithfield, with $10bn in annual sales, has recently announced it paid 83 million dollars for two production facilities in Romania and Poland. The Americans bought a 22% stake in meat processing company Morliny from Campofrio Alimentacion of Spain for 50 million dollars, with the rest being paid for the former pig breeding complex ComTim Timisoara.
Smithfield acquired ComTim in two stages: about 70% of its assets from a group of Italian investors forming Agrotorvis SRL, and the rest from Com-Tim Group SRL, owned by businessman Nick Cojocaru and a group of Australian investors.
During their recent visit to Romania, Smithfield representatives announced an ambitious investment programme worth 350 million dollars aimed at ComTim.
Posted by Mihai Botea : 11/09/2004 01:16:00 pm
06/01/2004 - 07/01/2004
Japan in talks with Romania on emissions trading u...
Austria's OMV Cleared to Acquire Romania's Petrom
Romania May Conclude EU Entry Talks This Month
Isarescu: Romania Might Adopt EUR By 2014
CEZ and E.ON named highest bidders
Leasing to get more expensive
Last Minute Romanians
TRW Automotive Opens First Romanian Plant
Romanian papers from the World Bank
Publications & Media
This website is proud to be designed by Mihai Dragan
I usually listen to THIS kind of music.