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Medela investing EUR 2.7 million

02. September 2008. | 09:14

Source: EMportal

The Medela biscuit factory, which operates as a unit of Invej, announced an investment of EUR 2.7 million.

The Medela biscuit factory, which operates as a unit of Invej, announced an investment of EUR 2.7 million.

The general director of Invej - Stanko Tomovic - said that the most of this amount, EUR 2 million, would be invested in the production line for pretzel sticks and the start of production of the savory program.

By the end of the year the company will invest in more modern and faster packing of products and the construction of a warehouse for finished goods, which will cost EUR 650,000.

According to Tomovic, Medela increased its production of confectionery and strudels by 41.5 percent in the first half of this year. He expects a 60 percent higher production this year compared to 2007.

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