NaanDanJain establishes a subsidiary in Romania to introduce advanced agro-technologies for commercial vegetable production
The subsidiary in Romania has already entered into an agreement for a potato production project on 60 hectares, amounting to EUR 150,000 *** Romania, which to date has imported its vegetables, presents an exceptional business opportunity for irrigation and agriculture *** Also: NaanDanJain's production plant in Spain manufactures 274 km of irrigation lines a day
NaanDanJain, an international water and irrigation technology company, has established a fully-owned subsidiary in Romania. Until recently, there has been almost no commercial vegetable production in Romania and most produce is imported. Following accession to the European Union, Romania has started to grow vegetables on a commercial scale. NaanDanJain has undertaken to work with European foundations to raise the level of agriculture to EU standards.
The subsidiary in Romania has already entered into an agreement for potato production on 60 hectares, amounting to EUR 150,000. NaanDanJain will install a sprinkler system designed especially for potato production. This system contributes to high-quality yields, producing results which are superior to those achieved under conventional systems, and in some cases, even exceed results achieved under drip irrigation systems.
Amir Bar, manager of NaanDanJain Europe: “Establishment of the company in Romania is a significant breakthrough for NaanDanJain in developing European countries. Despite the ongoing financial crisis, we have positioned ourselves firmly in Europe through four wholly-owned subsidiaries. The crisis has affected all irrigation companies in Europe, however, despite the difficulties in the sector, our sales are stable and we have even increased our market share, particularly in Spain, where we are involved in several turnkey projects”.
The company reports on significant growth in operations in the production plant in Spain, which manufactures advanced irrigation systems for all European countries. The production plant covers 10,000 square meters and includes facilities for production of diverse irrigation lines, with an annual capacity of 100 million meters, in other words, a daily average of 274 kilometers.
Notwithstanding the global economic crisis, NaanDanJain has increased its export potential from Israel and the operations of its international subsidiaries. This is the result of an investment of NIS 100 million in R&D, acquisition of new equipment, strategic international expansion in India, Latin America and CIS countries, and the addition of dozens of employees to the workforce.
Go to NaanDanJain Romania page
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