Alumil, the local unit of Greece’s Alumil Mylonas, obtained non-refundable financing from the European Union worth RON6 million for the project, whose construction took 26 months.
The company expects the new procession unit will help boost its sales “significantly,” the statement noted. Alumil will hire 45 new staff at the unit in Prahova.
Alumil reported sales of RON74 million in 2012, up 9% year-on-year.
Greek Alumil Mylonas holds 55.9% in Alumil, while the company’s president Michail Sotiriou owns a 23.95% stake.
At around 12:20 pm Thursday, Alumil’s shares traded down 0.5% at RON0.99 in Bucharest. (EUR1=RON4.4467)