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Smithfield Romania's sales up 39 pct

US group Smithfield, the largest producer of pork worldwide announced registration of operational profit in Romania in the 2008-2009 fiscal year, on the background of an increase in sales by 39 percent, says information available on the Group's Web page, Ziarul financiar daily reads on Wednesday.

According to the representatives of Smithfield Foods, the operations of the US Group in Romania and Poland have evolved well in the 4th quarter of last year, but with moderated results caused by the depreciation in the local currencies. Despite the losses recorded in the exchange rate, both operations were profitable in the 4th quarter.

The largest producer of pork worldwide holds only two production units in Europe, one in Poland and one in Romania, in Timisoara.Smithfield Romania is made of Smithfield Ferme (farms) and Smithfield Productie (processing).

Smithfield Ferme holds a facility of combined forage in Vinga, in the Romanian Western Arad County, an investment worth some 30 million euros and a production capacity of approximately 8,000 tonnes of combined forages per week and is also breeding the pigs.

Smithfield Ferme has more than 1,000 employees and it is breeding more than 350,000 pigs.

Smithfield has been operating on the Romanian market since March 2004, when it had acquired the former plant Comtim based in Timisoara (western Romania).

 

Sursa: http://www.rompress.ro

Tags: smithfield romania

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