A new Dr. Oetker factory in Romania

Newsroom 18/02/2014 | 11:39

The biggest food additive producer present on the local market for the past 15 years, Dr. Oetker, will build a new production plant in Valea Iasului, Arges County, after it bought a 14-ha land plot located near its current production unit.

Dr. Oetker paid EUR 1.8 million for the field that is in close proximity to the Valea Iasului city hall. The total investment for a new factory could rise to EUR 15 million, according Nicolae Barbu, the mayor of Valea Iasului.

“The transaction was solicited by the company’s people. We auctioned the land and they won that acution. The 14 hectares are in the immediate vicinity of the land they already own in the commune”, the mayor added

The factory in Valea Iasului employs 350 people and the additive producer is the biggest fiscal contributor in the commune, as well as one of the 20 biggest companies in the county. The new factory would double current production yeld and it could create 200 new jobs.

According to Ministry of Finance data, Dr. Oetker recorded a turnover of RON 245 million in 2012, up 12% on the year, with a profit of RON 21.26 million.