In 2013, AdePlast has finalized an investment program of over EUR22 million, which allowed it to inaugurate four new plants.
AdePlast currently runs nine plants in Romania, in the cities of Oradea, Ploiesti and Roman. The company produces a wide variety of construction materials, including adhesives, mortar and paints.
AdePlast owner Marcel Barbut said the plan is to build three industrial platforms in Saudi Arabia, identical with AdePlast platforms in Romania. He also said AdePlast will sign a memorandum of understanding in this respect by the end of 2013.
Barbut added that talks regarding investments in Kuwait, in production facilities similar to those owned by AdePlast in Romania, will set off in the first half of 2014.
AdePlast expects turnover of RON250 million in 2013, up 35% from 2012, and net profit of nearly RON10 million, down from RON14.7 million in 2012.
Exports represent a strategic direction for AdePlast in 2014 and Bulgaria, Moldova, Ukraine, Hungary, Austria, Germany and Lebanon are the main markets targeted by the company.
Early October, AdePlast launched an initial public offering (IPO) of 33% of its equity capital, which ended unsuccessfully as investors subscribed less than 70% of the shares available for sale.