Smithfield Foods will invest 850 million dollars in Romania over the next five years with the intention of developing a farm chain for breeding pigs, says Richard Poulson, executive vice-president of Smithfield Foods.

The investments will be made in operations located in three counties in western Romania; Arad, Timis and Bihor. Smithfield will invest all the profits obtained in its 10 years of activity in Romania.

Smithfield, the largest company for pig husbandry and meat processing, entered the Romanian market in 2004 after it bought Agrotorvis and Comtim Group.

Bucharest Daily News