Charcuterie producer Caroli estimates sales of 18m euros this year, up 56% from 2002. The increase came after the company invested $1m in promotions. The company reported sales worth 11.5m euros (360bn ROL) last year, according to the Finance Ministry. "The increase is due to enlarged production capacities and the launch of new products," Talal El Solh, president of the Caroli group, said. "Besides, we invested more than one million dollars in promotions this year," he added. Caroli Group was established in 1994 and comprises four companies - Caroli, TC Affaires, A&G Invest and Indcarf Pitesti. ZF
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