“Sales went as expected. Even though we went through quarantine and many customers suspended operations, we ended the year with significant growth and consolidated our position on the market. The group saw an increase from EUR100 million to EUR125 million during the crisis,” Sorin Cristea, general manager of Masterplast Romania, said.
The group no longer has any manufacturing operations in Romania after having closed the polystyrene and adhesives plant it had in Sfantu Gheorghe, Covasna. The reason given at the time was the unadvantageous geographic location. Masterplast is now reconsidering Romania’s position in the group.
“Romania has regained a place among the top countries in Masterplast group and has become interesting for future investments of the group again.”
Masterplast has operational warehouses in Bucharest and Oradea.
(English version by Loredana Fratila-Cristescu)