Smithfield invests 100m euros in farms - Azi

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The agricultural unit of Smithfield group, one of the biggest US investors in Romania with a global turnover of around 9bn euros, is set to invest around 100m euros this year in order to double the number of farms it operates and build a combined fodder plant.

The project is part of a 1bn dollar (over 600m euros) strategy announced when the US group entered the domestic market in 2004 through the acquisition of Comtim complex in Timisoara. Charcuterie producers mostly cover their necessary...

Read the whole story in: Ziarul Financiar