Maspex, one of Central and Eastern Europe largest food and drink companies, best known for its Tymbark brand of drinks, has announced a new investment of 10.5 million euros in a logistics facility in northern Romania.
“At Vatra Dornei, we have planned investments worth 10.5 million euro to create a new storage area in the vicinity of the Bucovina mineral water factory. The project is underway and is due to be completed this spring,” Ioana Vişean, communications director at Maspex Romania, told Ziarul Financiar.
In 2018 Maspex invested over 20 million euros in Romania. More than 15.5 million was invested in a new state of the art packaging plant at Valenii de Munte, while 5.5 million euros was invested in a factory in Giurgiu.
According to Ms Vişean, while 2018’s sales results have not yet been finalised, the company has already reported growth.
“Comparing the first nine months of 2018 with the previous year, there is sustained growth in all areas of our portfolio.”
According to data published by Romania’s Ministry of Finance, Maspex had a turnover of about 90 million euros in 2017, while in addition the Rio Bucovina division of the Maspex Group, which produces one of the most popular brands of mineral water in Romania, reported turnover of 35 million euros.