The revenue of the biodegradable packaging unit of the Exonia Holding plant increased by 120% to more than RON24 million year-on-year in 2021, while the EBITDA went up more than 400% to over RON5 million.
Exonia makes biodegradable paper bags, inscribed with the customers’ logos and targets both major retail chains and smaller businesses looking for a sustainable option to transport their products to end users.
Founder Tiberiu Stoian started with manufacturing plastic shopping bags in 2010 but has since switched most of production to environment-friendly packaging to comply with EU policies.
Other than paper packaging manufacturer Exonia Holding, the group includes Exonia Production, which makes plastic packaging and Artis Design, a provider of industrial digitization solutions.
(English version by Loredana Fratila-Cristescu)