US firm Cargill sells Romanian vegetable oil business to Frances Sofiproteol.

By bne IntelliNews February 7, 2013
US food and agribusiness company Cargill will sell this year its Romanian vegetable oil business to local firm Expur, controlled by France's Sofiproteol, news agency Agerpres announced. Cargill will close down its production unit located in Podari, southern Romania, and will sell its other assets including the equipment and the vegetable oil brands "Untdelemn de la Bunica" and "Olpo" to Expur. Following the transaction, Cargill will focus on its remaining agribusiness in Romania, including delivery of services and animal fodder production. Cargill took over the vegetable oil plant from local company Topway Industries back in 2004 and boosted the production capacity to 1,200 tonnes of oil [2,800 tonnes of sunflower seed] per day. Expur's production unit located in Urziceni - also in southern Romania, can process 400,000 tonnes of seed per year.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss