Our history
Starting from the processing of the oil bearing seeds for oil manufacture, the cereals and oil bearing products storage and trade, Agricover has extended its activity in agribusiness, enabling the contact between the large processors and the farmers and providing security to both parties.
Since 2000, when the company was established as a result of the merger between S.C. Comcereal Buzău SA and S.C. Ulvex SA Buzău, Agricover has continued to diversify its products and services in the agricultural field, consolidating over time its partnership relations with the farmers.
In 2007, Agricover sold the Oil Division and decided to entirely focus on agribusiness, a field with a high potential, considering the environment favorable to the development of agriculture in the general context of economic growth and EU integration.
2000
Establishment of AGRICOVER S.A. by merger between S.C. Comcereal S.A. Buzău and Ulvex S.A. Buzău. Comcereal Buzău – 7 silos with 300.000 tones capacity
Establishment of Seed Production Division
2001
Upgrade of Edible Oil Plant in Buzau
Opening Seeds Cleaning Station in Râmnicu Sărat
Seeds multiplication in cooperation with selected farmers
Exlusivity Agreement for multiplication of durum wheat, sunflower, barley etc.
2002
Acquisition of CEREALCOM Buzău – 1 silo and 3 stations
Acquisition and endowment of the Scanteia Farm ( Ialomiţa county )
The modernization work lasted until 2004
Entrance on edible oil market
2003
Launch of “Ulvex” ,edible oil brand and distribution to national level
Certification ISO 9001 for the Edible Oil Factory Buzău
2004
Launch of “Soreanca” edible oil brand designed for the premium segment
Investment Program within the oil refinery division finalized
Increase the processing line’s capacity in Ramnicu Sarat Station, from 150 T/day at 250 T/day
2005
Opening of Seed Processing Station at Scanteia, Ialomita county
Acquisition of COMCEREAL ARGEŞ – cca. 200.000 tones capacity
Launch of the Business Process re-engineering
2006
New Seeds Cleaning station was set up at Balaci, in Teleorman county
Acquisition of Suntory Agrochemical, leading Romanian player in pesticides distribution
Reached 17% MS (2nd place ) in the Romanian edible oil market
2007
Divestment of the Edible Oil Plant in Buzau
Focus on Agribusiness
2008
Launch Financial Services business – Agricover Credit IFN
Continue Investment Program in the upgrading the storage and processing capacities at 2.6-3 mil Euro/ year
Established ( Q 4 ) Agricover Bulgaria as input distribution company
2009
Joint venture 50 / 50 with Danish Advisory on farmer consulting: AgroAdvice and FEDRA
Launch veterinary products distribution business – Agricover VET
2010
Launch two new business lines:
Agricover Energy – fuel distribution for farms
Agricover Food – direct origination of hogs and cattle from farmers and supply of raw materials to meat processors
