EMCC European Monitoring Centre on Change

ETI European Food Industries

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Company/Organisation:
ETI European Food Industries

Geographic Location

Country: Romania
Region: Sud-Vest
Location of affected unit(s): Ghercesti

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10.72 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
Group: Eti Gida Sanayi ve Ticaret

Employment Effects

Announcement Date: 25-11-2014
Type of Restructuring: Business expansion
Foreseen End Date: 31-10-2015
Planned Job Creation: 300

Additional Information

ETI European Food Industries, the Romanian subsidiary of Turkish group Eti Gida Sanayi ve Ticaret, is to create 300 new jobs in Ghercesti, near Craiova (Dolj County) with the opening of a pastry production plant in 2015.

The plant will be operational in October 2015 and will produce sweet and savoury biscuits, cakes and chocolate. The total cost of the investment is EUR 40 million. The company benefits of a long-term loan from EBRD of EUR 23 million and a state aid of about EUR 6 million.

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