“COVAL & CO” CANNERY Cantemir town, MD - 7301 Tel/Fax: +(373 273) 23 241 Cell: + (373 698 61 414 E-mail: [email protected] Speaker: Nicolae Coval – General

““COVAL & CO” CANNERYCOVAL & CO” CANNERY

Cantemir town, MD - 7301

Tel/Fax: +(373 273) 23 241

Cell: + (373 698 61 414

E-mail: [email protected]

Speaker: Nicolae Coval – General Manager, co-owner

“Coval & Co” LLC

“Coval & Co” LLC (1) Year of founding: September 2006

Private ownership: 100%

Company value: 12 million MDL (app. 1 million USD)

50 full-time employees, 150 seasonal workers

Production capacity: 20,000 tons of fruits & vegetables per season

Production area - 2,7 ha, including:- warehouse – 6, 000 m2

- production facility – 864 m2 Vienna Economic Forum “Invest in Moldova, invest in the Region”, February 20-21, 2008

Comparative advantages (2)

Favorable climate area: abundant supply of raw materials

Average temperatures: by 2-30 C higher as compared to Central and Northern Moldova

Sugar content: by 2-3% higher than the country average

Vienna Economic Forum “Invest in Moldova, invest in the Region”, February 20-21, 2008

Comparative advantages (3)

Plant located nearby Chisinau-Cahul highway, 120 km to Chisinau

4 km to the border with European Union: Custom point Prut 1 Cantemir - Falciu Romania

Provided access to railways: 3 km to the railway station– Prut 2

Labor force with relevant technical expertise

Large volumes of raw materials available in the region allow the production of high quality products without concentrates and preservatives


Major business activities (4)

Purchase of raw materials (fruits & vegetables) from small and medium size farms; agricultural enterprises

Processing of fruits and vegetables into: Fruit and vegetables juices obtained via direct

processing Preserved fruits Canned vegetables

Sale of canned foodstuffs on the domestic and external markets


Technical endowment (5)

Direct processing line of fruits and vegetables via sterilization (up to 20,000 jars of 0,5 l to1 l/shift)

Production line of preserved fruits and marinades via pasteurization (up to 15,000 twist-off jars of 0,3 l to 1,5l/shift)

Equipment for the production of jams & jellies

Autonomous boiler-house with the capacity of 4t of steam/hour

Own water supply system (artesian well)

Power transformer with the capacity of 250 KWA


Product line (6)

Fruit preserves, 50%

Juices and nectars,

15%

Canned vegetables,

35%

Figure 1: Product portfolio in 2007, %


Product line (7)

Preserved peaches Preserved sour cherries


Product line (8)

Preserved pears Preserved plums


Product line (9)

Cucumbers and tomatoes mix

Canned cucumbers


Output markets (10)

Russian Federation

88 %

Domestic market 12%

Figure 2: Major markets in 2008, %


Development goals (11) Aseptic production of fruit purees (“bag-in-box” )

Development of new products in order to extend the production season (winter-spring)

Diversification of output markets– European Union

Establishment of sustainable business partnerships with counterparts from EU and CIS

Introduction of ISO 22000 quality assurance and food safety system


Investment projects (12)

Since only 30 % of the production capacity is currently under use, the following investments

are required:

1. Aseptic production line “bag-in-box”: purees: peach, apricot, apple, plum, carrot

Investment project value: 500,000 USD

2. Production line: concentrated apple juice fruit & vegetable pastes

Investment project value: 1,000,000 USDVienna Economic Forum “Invest in Moldova, invest in the Region”, February 20-21,

2008

THANK YOU!

Documents

“COVAL & CO” CANNERY Cantemir town, MD - 7301 Tel/Fax: +(373 273) 23 241 Cell: + (373 698 61 414 E-mail: [email protected] Speaker: Nicolae Coval – General