Ferrero invests in Serbia: 1,000 hectares to produce hazelnuts

Ferrero, the Italian confectionery giant invests in Serbia to produce nuts.

Ferrero signed with the Serbian Minister of Agriculture an agreement onthe purchase of 1,000 hectares intended for the production of hazelnuts. The amount of the investment was not divulgated.

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 center of hazelnut production.

Hazelnut plantations could reach 10,000 hectares in 10 years.

source : urban post, just food com