Covalact opens logistic center, announces EUR 4 million further investments

Romanian dairy producer Covalact has invested RON 5 million (approximately EUR 1.1 million) in a warehouse in Sfantu Gheorghe which will also serve as a logistics center for the company’s two factories. Another EUR 4 million will be invested over the next years in increasing the production capacity and launching new products, the company has announced.

The new warehouse has a capacity of 1,400 pallets, equivalent to over 700 tons of products

Covalact Group has 550 employees and two plants in Sfantu Gheorghe and Miercurea Ciuc which produce about 1,600 tons of dairy products each month.
Company representatives say that for this year the value of investments and in marketing and developing the sales force will increase by over 50 percent compared to the previous year.

American investment fund SigmaBleyzer acquired the majority shares package of Covalacct in 2007. About EUR 7 million have been invested in the company since.

Simona Bazavan

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