Fornetti Slovakia to put EUR 6mn in second plant.

By bne IntelliNews October 13, 2011
Bakery Fornetti Slovakia plans to invest EUR 6mn in the construction of a second plant in the country, eTrend news portal reported. The new plant, which will employ 120 people, is aimed to cover the company's rising volume of orders. Fornetti Slovakia, owned by the Ambrovics family, recorded annual growths of around 10% in the recent years and expects to boost its production from 8,000 tons in 2010 to nearly 11,000 tons this year. The Ambrovics family purchased the Fornetti brand in Slovakia and the Czech Republic 12 years ago from the Hungarian baker Jozsef Palasti. Its sweet and savoury pastries are sold by over 500 small traders in both countries. Fornetti is also active in the delivery of frozen bread and pastries under its own brand to large retail chains and fuel stations. It plans to create its own chain of specialized stores with pastries in Slovakia. Now, Fornetti runs two stores in Bratislava under its own brand Minute, but it plans to open at least five Minute stores in Bratislava and two in each of the regional towns.
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