“The exports in the first half also went up by 12% to about RON20 million and accounted for more than 9% of the revenue. With our new site in Isalnita, we target the markets in Serbia and Montenegro, and intend to get better coverage of the market in Bulgaria,” Daniel Stancescu, Adeplast CEO, says.
Adeplast will open a new industrial site in Isalnita, near Craiova, on a 20-hectare plot, following a EUR22 million investment. Production of the polystyrene plant will start by late July, while the dry mortar plant is scheduled to begin production in August.
Adeplast posted EUR92 million revenue in 2017, and exports accounted for 8% of that or about EUR7 million. If the revenue growth pace continues, and the export share of the revenue increases, following the inauguration of the new plants, exports could contribute about EUR10 million to the overall revenue.
Adeplast exports products to Bulgaria, Republic of Moldova, Hungary, Austria, Italy, Germany and Spain. (EUR1=RON4.6596)
(English version by Loredana Fratila-Cristescu)