ETI European Food Industries

Type
Business expansion
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Dolj
Location of affected unit(s)
Ghercesti
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.7 - Manufacture of bakery and farinaceous products
10.72 - Manufacture of rusks, biscuits, preserved pastries and cakes
300 jobs
Number of planned job creations
Job creation
Announcement Date
25 November 2014
Employment effect (start)
Foreseen end date
31 October 2015

Description

ETI European Food Industries, the Romanian subsidiary of Turkish group Eti Gida Sanayi ve Ticaret, is to create 300 new jobs in Ghercesti, near Craiova (Dolj County) with the opening of a pastry production plant in 2015.

The plant will be operational in October 2015 and will produce sweet and savoury biscuits, cakes and chocolate. The total cost of the investment is EUR 40 million. The company benefits of a long-term loan from EBRD of EUR 23 million and a state aid of about EUR 6 million.

Sources

  • 27 November 2014: Jurnalul de Afaceri
  • 26 November 2014: Daily Business
  • 25 November 2014: Wall-Street

Citation

Eurofound (2014), ETI European Food Industries, Business expansion in Romania, factsheet number 77949, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77949.