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Transavia sees slight growth despite Brid Flu

by 5m Editor
2 March 2007, at 12:47pm

ROMANIA - Romania's poultry meat and egg producer, Transavia, recorded a net profit worth EUR5.5 million in 2006, as compared with EUR5.4 million the previous year, according to SeeNews.

The company's general manager, Ioan Popa, said that "We honestly hoped for stronger growth, but it was a rough year for our industry. We have had some major unforeseen events. The bird flu had a great impact, driving prices down and thus affecting our results". Turnover increased from EUR40 million in 2005 to EUR42 million last year.

Ioan Popa add that Transavia will invest more than EUR12 million in a new meat processing plant with an installed capacity of 300 tonnes per day this year. The company invested EUR7 million in upgrading existing production facilities, and in the acquisition of new facilities, in 2006.

Transavia is aiming to produce 30,000 tonnes of poultry meat this year, as against 28,000 tonnes in 2006. The company had a share of around 12 per cent of the Romanian poultry market last year, with this share possibly to increase to 15 per cent this year.

5m Editor