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Romanian Ave Impex To Invest EUR6M In Incubation, Feed

Romanian poultry farm Ave Impex on Wednesday said it will invest EUR6 million in an incubation station and a feed plant, which should start activity in spring next year.

Andrei Cîrchelan · 14 decembrie 2011 · 1 min de citit

“Right now we are unfolding two investments, an incubation station worth EUR1.3 million and a feed plant worth EUR4.7 million. These investments were started this year and they will be concluded in the first quarter of next year,” said Gheorghe Bodea, the company’s general manager and main stockholder.

Ave Impex recently took out two loans, worth a total EUR4.6 million, from Unicredit Tiriac Bank. The money will mainly be used to develop output in 2012.

Last year, the company invested some EUR1.1 million in a reproduction farm. It currently has an annual output of 10 million birds processed.

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