October 21, 2011

CarmOlimp invests in meat packaging

CarmOlimp invested EUR500,000 (US$689,000) in a packaging production, hence, becoming one of the largest fresh meat packed in modified atmosphere (MAP) in fixed quantity supplier, the company said Thursday (Oct 20).

CarmOlimp, by this investment, seeks to expand its presence in the modern store chains, as this offers major growth potential given the expansions announced by most operators. Furthermore, the firm plans to open another 15 shops under its own brand by year-end.

The investment in the packaging line was achieved in two phases. The packaging line launched six months ago on a EUR350,000 (S$482,000) investment originally had a capacity of 10,000 casseroles a day. The company invested a further EUR150,000 (US$207,000) in October, thus trebling the packaging capacity to more than 35,000 casseroles a day. Therefore, a third of the fresh meat production delivered by CarmOlimp will be MAP packed.

Romanian meat processing company CarmOlimp invested EUR500,000 (US$689,000) in a new fresh meat packaging line, local media reported on Thursday.

CarmOlimp also plans to open 15 new stores by the end of the year, news portal wall-street said.

CarmOlimp currently operates 50 own stores and more than 60 under franchise agreements.