The company increased prices by 5% in 2012 and plans a similar price rise, due to higher energy and raw material costs.
“Last year, the company carried out investments of over EUR4 million,” said AdePlast owner Marcel Barbut.
AdePlast budgeted investments of EUR12 million for 2012. The company started the construction of its third plant, in the northeastern city of Roman, and is carrying out a project in Ploiesti, which will be finished this year.
Barbut told Mediafax in December 2011 AdePlast would invest EUR10 million in a new adhesives and dry mortar plant in Roman in 2012.
He added at that time that the company was in talks to purchase a plot of land in Oradea to build a polystyrene plant. The project was estimated at EUR5 million.
In March, AdePlast estimated its sales would increase by over 20% in 2012, in an optimistic scenario, from RON143 million last year. (EUR1=RON4.4452)