At the end of the same year, gross profit reported an advance worth 62b percent, reaching 7.93 million euros. The second company of the group, Alchimex, the most important local manufacturer of pesticides reported last year a turnover worth 23.25 million lei, up 37.5 percent over 2007.
The surveys conducted by several independent research companies showed that over the past 10 years, Alcedo’s market share ranged between 16 and 20 percent on the market of products for the protection of plants, appraised by the company’s manager, Vincentiu Cremeneanu, at some 140 million euros.
A lcedo Group includes a range of companies, among which A lchimex (producer of solutions for the protection of plants and fertilizers), Minerva (production, storage and processing of seeds). GEAA – advertising company and publishing house, which organizes promotional campaigns, and publishes specialized magazine ‘Plants’ health’. Alcedo’s distribution network includes as many as over 40 sales managers and some 300 phytopharmacies nationwide.