Companies / Hungary
Fornetti Makes Macedonian Foray
March 2008 | Company News AlertHungarian bakery firm Fornetti Groupe has announced that it will be investing further in its Macedonian production facilities. The company has said that it will invest EUR1mn (US$1.57mn) through its Macedonian branch to build a distribution centre and cooling facility for frozen bakery goods in the capital Skopje after purchasing the 20,040m² plot of land for EUR200,000 (US$314,771). According to local press reports, this is the first step in a broader expansion strategy which includes plans to establish a production facility in line with EU standards, as the company plans to launch full production in the country within two years.
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