19.1 C
August 12, 2022

HempFlax invests EUR 5 M in Romanian hemp market

HempFlax, a Dutch company leader on the hemp processing segment, has invested EUR 5 M in the Romanian hemp market, its first plant becoming operational in Alba County this October. Recent years have seen a rise in hemp growing and processing, the hemp processed in Romania being sought for export and used in various industries.

Before 1989, Romania was the fourth-largest exporter of hemp at global level, however the volume of hemp grown has dropped, covering an area of just a few hectares in the 2000s. The aberrations issued by various governmental and non-governmental organizations, according to which Romanian peasants engage in the production of banned herbs, contributed to this mind-boggling statistics.

Investors are currently once again turning their attention toward this market. The EUR 5 M investment made by HempFlax is a private investment and supports the hemp cultivation and processing market.

HempFlax uses approximately 500 hectares in the Sebes, Pianu and Petresti area, and investors forecast a yearly growth of approximately 300 hectares. The plant’s processing capacity is four tons per hour, which means a target of 5,000 cultivated hectares in order for it to reach maximum capacity.
The company’s goal is also to establish cultivation contracts with Romanian farmers, thus supporting the development of the industry. HempFlax supports Romanian entrepreneurs and consumers in showing responsibility toward the environment, discouraging deforestation and non-necessary changes to the environment. A world leader in the hemp processing industry, the company wants to revive the agriculture specificity of our country, which was the fourth-largest hemp exporter before 1989.

HempFlax, a Dutch company active since 1994, designs, develops and patents special equipment for growing hemp, especially in what concerns the harvesting side, offering an innovative combine that manages to mix three distinct harvesting operations – the harvesting of hemp seeds, stems and leaves.

Related posts

Havi Logistics opens the largest distribution center in Romania – Chitila Logistics Hub


FinMin Citu: Current economic crisis is worse than the Great Crash


Lithuanian Apex Alliance hotel management to open this Summer the Marmorosch Bucharest, Autograph Collection, a EUR 42 million investment