Ferrero invests in Serbia: 1,000 hectares to produce hazelnuts
Ferrero signed with the Serbian Minister of Agriculture an agreement on the purchase of 1,000 hectares intended for the production of hazelnuts. The amount of the investment was not divulged.
The agreement also includes cooperation between Ferrero and individual farmers in central and southern Serbia. Developing plantantions, increasing production, creating new jobs and make Serbia a new European centre of hazelnut production.
Hazelnut plantations could reach 10,000 hectares in 10 years.
Source: blackseagrain.net
