In the past year, to adapt to the needs of undergoing contracts, IBB-HIB Romania has carried out several investments. The group has three plants producing concrete in Pantelimon, Ciorogarla, Mogosoaia, as well as an asphaltic mixture production unit in Pantelimon.
IBB-HIB Romania ended 2023 with RON159 million turnover, down 32% from the previous year. Profit has been steady in the past two years, at RON4.2 million, but the company’s headcount plummeted from almost 900 to just 50 employees last year.
„(…) We expect 2024 to be a good year in terms of infrastructure investments, a segment that last year weighed 67% in our company’s turnover,” stated Ion Craciunescu, CEO and founder of IBB-HIB Romania.
The second half of 2023 witnessed the start of a positive trend in terms of infrastructure works, which is expected to continue during 2024.
(English version by Catalina Apostoiu)