ETI, one of the biggest food industry companies in Turkey, will invest EUR 40 M in Craiova in its first plant located abroad, a plant that will open in October 2015 and will produce biscuits and cookies.
The plant will have 300 employees.
“We have oriented the investment towards Romania because of the good market conditions, the advantages of its location in the region, the logistics and the country’s economic stability. At the same time, since Craiova is located right at the center of the region in which we will conduct our distribution, we will optimize the distances from a logistical standpoint and we will be able to reach our consumers faster. Our intention is to become a regional and global brand. With our investment in Romania we have taken an important step towards attaining this goal,” ETI President Firuzhan Kanatli stated on Tuesday in a communiqué.
He was present at the ceremony marking the start of construction works at the plant in Craiova, accompanied by ETI Executive Board Chairman Hakan Polatoglu, Turkish Ambassador Osman Koray Ertas, Craiova Mayor Lia-Olguta Vasilescu and Dolj County Council Chairman Ion Prioteasa.
Turkish officials stated that the plant will produce 11,000 tons of sweets in the first year, which will be exported to 40 countries.