Cromaris to Invest 370 Million Kuna by 2018

Total Croatia News

Large investments coming to the Croatian fish processing industry.

Company Cromaris from Zadar announced its successful business results in 2015 and said that it expected further production growth, with expected incomes of between 400 and 430 million kuna. To achieve its ambitious goals by 2018, it is going to invest additional 370 million kuna in its business operations. In the coming period, more investments are planned in Lamjana facility and in two new fish farms, as well as in the growth of the processing capacity, reports on April 16, 2016.

For Cromaris, a company which is part of the Adris Group, the most important business achievement in the last year was the opening of a new hatchery in Nin, an investment worth as much as 130 million kuna, which was accompanied by a number of other improvements in the company as well. The result was an increase in all the key performance indicators. The sales volume reached 6,550 tons, of which the exports accounted for 75 percent.

In 2016, the company plans to increase production further. “This will include new concessions and farms, technical improvements in processing, hatcheries will be put in full operation, and we will intensify the marketing activities and keep building the brand recognition”, said Goran Markulin, the managing director of Cromaris. He added that they were currently also focusing on the Italian market.

This market is particularly interesting because of its proximity and the possibility to deliver a superbly fresh fish to it. However, Cromaris added that all the other markets where they have established a presence are equally important to them as Croatian and Italian markets.

“Based on all of this, we expect to reach between 400 million and 430 milion kuna in revenues in 2016”, said Markulin. According to company’s data, Cromaris has made 360 million kuna in revenues in 2015, with the sales volume of about 6,500 tonnes. Ninety percent of its total sales went to the markets in the European Union.


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