AdePlast owner Marcel Barbut said the company’s turnover falls within the 25% growth target set at the beginning of the year. He also said AdePlast’s profit doubled to RON10.9 million in September this year, from RON5.2 million in September 2011, due to the company’s wider range of products and especially its polystyrene production.
AdePlast targeted total investments of nearly EUR17 million for 2012 and the bulk will be pumped into developing its industrial platform in Roman, where the company will start producing mortar in the spring of 2013 and, possibly set off construction works on a new polystyrene plant.
Barbut said the company will inaugurate a Graphite enhanced polystyrene line in its new production hall in Ploiesti and will set in motion the polystyrene production line in Oradea.
The new production lines will allow AdePlast to reach a capacity of 1.1 million cubic meters of polystyrene annually. (EUR1=RON4.5642)