Romanian dairy producer Albalact has targeted for this year a EUR 115 million turnover, up 7% over the previous year.

In 2014, the company posted a EUR 106 million turnover, an increase of 12% over 2013. Back in 2005, Albalact’s turnover was of only EUR 16 million.

“We are optimistic about the economic context in 2015 when the significant VAT cut will undoubtedly lead to an increase in the consumers’ purchasing power,” said Stephane Batoux, Albalact general manager.

In 2014, the company invested some EUR 8 million to modernize and expand the factory in Oiejdea, Alba county.

Albalact is the biggest Romanian – owned player on the dairy market.

editor@romania-insider.com