Agricover launches Agricover Vet

Newsroom 21/06/2010 | 10:54

Agricultural solutions supplier Agricover is launching a new division, Agricover Vet, dedicated to the zootechnical segment.

“The decision to extend was based on some major arguments. First of all, our capability and expertise in the agriculture business can be easily transferred from growing plants to growing animals. Secondly, an important way to develop the country’s agriculture in its entirety would be for farms to integrate vegetal production and zootechnical activities, a process that Agricover supports,” said Robert Arsene, general manager of Agricover Group. He added that the company’s long-term objective is to extend the all-in-one store concept to the new line of business.

In the first phase however, Agricover Vet will supply animal farms with feed, nutritional supplements and later veterinary drugs. The company is mainly targeting mixed farms which are already its customers, and other medium and large animal farms.

Last year the group posted a 20.2 percent increase in its turnover and a 68 percent growth in profit. The group plans to further raise its turnover by 20 percent this year, to reach RON 480 million (approximately EUR 113 million). In 2010 Agricover Vet is estimated to contribute a 1 percent share of the group’s turnover. Agricover was founded 10 years ago and now operates 9 companies and divisions.

Simona Bazavan