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Home 🌿 Marijuana Business News 🌿 Dutch company invests EUR 5 mln in hemp growing and processing in Romania 🌿Dutch company invests EUR 5 mln in hemp growing and processing in Romania
Dutch group HempFlax has invested EUR 5 million in hemp growing and processing in Romania, where it opened its first factory in October. The factory is located in Alba county, in central Romania.
Hemp growing and processing has been increasing in Romania in recent years, as the processed hemp is mostly exported and used in various industries abroad. Several local and international producers are looking to revive this industry.
Before 1989, Romania was the fourth largest hemp exporter worldwide, but the cultivated surfaces went down dramatically after 1990, reaching a few hectares in the early 2000s.
The EUR 5 million investment HempFlax has made in Romania aims to support the hemp growing and processing sector in Romania. The Dutch company buys hemp bales from local farmers, which it processes into fibers.
HempFlax also grows its own hemp and has about 500 hectares cultivated with this plant near Sebes. The...
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