Italian producer to open EUR 50 mln panettone factory in Romania
The Italian investor would like to start production within a year from now, in September 2013. The production unit will serve the whole of Eastern Europe and the Nordic countries. Cluj was chosen for this investment due to its location, which makes it easier to distribute products in these areas of Europe. “We will produce panettone and biscuits at Jucu. Strategically it will be a very important production unit,” said Felice Moretti, the owner of Battistero.
The four production lines in the factory will bring an annual turnover of some EUR 100 million by 2015.
Panettone is a type of sweet bread loaf originally from Milan and usually prepared and enjoyed for Christmas and New Year in Italy.
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(photo source: Wikipedia)