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Jul 26, 2023 16:49 EEST
July 26 (SeeNews) - Romanian water bottler Apemin Tusnad expects to grow its turnover by 7% year-on-year to 85.7 million lei ($19.2 million/17.3 million euro) in 2023, it said on Wednesday.
The growth will be supported by investments of nearly 35 million lei made by the company over the course of the last three years, Apemin Tusnad said in a press release.
The company is currently investing 6 million lei in technical equipment, access infrastructure, and IT systems. In the next two years, Apemin Tusnad plans further investments of 40 million lei, in the expansion of a product warehouse and a bottling line.
"Next year, we will have a storage area of approximately 8,000 sq m in Tusnad, almost four times larger than five years ago, with a capacity of 8,000 pallets for finished products, and we estimate that we will continue to expand," said Magyari Ors, CEO of Apemin Tusnad.
By the year's end, the company aims to bottle 114 million litres of water, covering 5% of Romania's consumption needs.
Apemin Tusnad, set up in 1999, is a major Romanian company in the mineral water market. It owns the brands Tusnad, Artesia, and Izvorul Ascuns.
(1 euro=4.92838 lei)
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