Next year the company Franck plans to invest more than 11 million kuna of additional investments in order to increase production capacity. This 2016. marked the consolidation of Franck business on the markets of neighboring countries due to several smaller acquisitions.
In marketing and development, the last two years for the company were dynamic. For example, only in the category of hot drinks is launched over 30 new products. They are continuing with the realization of strategic plans by 2020., and further step forward in the region and internationalization of business and in the growing category of snacks.
Through Adria Snack Company d.o.o., excellent results were realized in the first year of business.
The total investment in the first year was 7 million kunas, with them production capacities are enhanced and it is achieved higher level of energy efficiency of the factory in Hercegovac.
Despite the announced tax relief, VAT raising in the hospitality will have a negative impact on potential sales on the local market.
Financing of investments for strengthening the position on the external market will be more demanding due to the abolition of exemption from payment of income tax for the reinvested amount.
