News from Fidelinka
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Grain
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With the issuance of the third release of regular shares, the Fidelinka Company from Subotica has successfully carried out the process of capitalisation. It should be emphasised that the entire action took place in the period when many companies in Serbia were getting out of capitalisation or similar processes ended unsuccessfully. Even thought the price of shares on the market during capitalisation was under the preferred price, capitalisation succeeded thanks to an existing majority of shareholders who used their right to participation.
1. The biggest successes have been increasing product sales from the basic assortment by 15%, expansion of the sales network in Serbia and in the region, introduction of confectionery products in the sales assortment and expansion of the bakery industry in the territory of Serbia. Besides that, in this sixtieth year of existence, we can congratulate ourselves on acquiring the right to use the seal of "The Best of Vojvodina". 2. Developmental plans are oriented towards the expansion of the bakery industry, which we consider to have excellent outlook, towards the opening of bakeries in large retail chains throughout the country, as well as towards the development of the chain of café-bakeries Bread&Co. | At the end of the year in which the Fidelinka Company AD from Subotica celebrated six decades of operation, it once again confirmed its reputation as the leader on the domestic market of flour and pasta. Along with the ambitious plans for taking over the leading position on the market of the entire region of Southeastern Europe, Fidelinka received much public attention for the opening of its new bakery facility. |
With its business and high quality products, Fidelinka from Subotica is among the most successful companies in Serbia and its path of development has only risen. Consumers have recognised this fact and have remained loyal to Fidelinka’s products. Predrag Vučetić, Deputy General Director for Commercial Affairs, talks with STATUS about the path of development and plans of Fidelinka. | Belgrade – Fidelinka announced an invitation to register for the new release of 200,000 shares with each individual share costing a nominal price of 400 dinars. The entire package of shares of the third release will give stockholders the right to preferred purchase until December 17th, at a price of 3,800 dinars, as stated in the official invitation. |
Nhe loyal bakery has begun an ambitious plan to take over a fifth of the Serbian market, and it involves a lot of investments: construction of a baked goods factory in Belgrade, a new line of pastries in Subotica, the opening of production-distribution centres across all of Serbia and independent and franchising works. | According to the results of GFK research, with around 60% highly loyal consumers, the company is in the first place on the pasta and flour market in Serbia. |
Fidelinka from Subotica has ranked among the most successful companies in Serbia through successful business and high quality products and this year, 2007, marks six decades of operation. During its long history the name Fidelinka has become synonymous with first-class quality flour, pasta, baked goods, starch and agricultural products. | ATthe meeting of the Executive Council of the Autonomous Province of Vojvodina, held on Monday, it was decided that the right to use the seal of “The Best of Vojvodina” would be bestowed upon the Fidelinka Company AD Subotica and producer Navip AD - D.O.O. Fruškogorac from Petrovaradin for a period of three years. |
Fidelinka Bakery Director Branko Lavrenčič Speaks About the Rise in the Price of Bread Branko Lavrenčič states that the rise in price for flour is the main reason for the rise in the price of bread, and if the government does not intervene by releasing material from the goods reserves we can expect the price to continue to rise until the end of the year or into the beginning of next year. The director states that Fidelinka has a sufficient amount of flour to last until the next harvest. | Fidelinka from Subotica in Novi Sad was bestowed the honour “The Best of Vojvodina" for its Specific Purpose Flour Type 400. The right to this seal is given by the Executive Council of Vojvodina and is realised by the Provincial Secretariat for Commerce. B.V. |
Agroposlovi d.o.o. Beograd, Vladimira Popovića 6 - Proizvodna jedinica Fidelinka, Žito mlin, Čantavirski put 1, Subotica.
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