The Romanian plant is the Polish group’s third most profitable plant and the third largest in terms of the volume of production after the two facilities in Poland,” said Cristian Cornea, head of the Can-Pack Romania plant.
The Polish group has two plants in Poland and Russia and one in Finland, the UK, Morocco, Dubai, India, Ukraine. The Can-Pack group is controlled by US company F&P Holding, with an annual turnover of over EUR1 billion.
The investment in boosting the capacity of the Romanian plant amounted to EUR2.5 million and was decided after orders exceeded capacity. The turnover of the plant amounted to EUR77 million last year, according to Cristian Cornea. The company ended 2011 with a turnover of EUR67 million and a profit of EUR4.5 million, according to Trade Registry data.
The head of the Romanian plant expects Can-Pack to end this year with a turnover of EUR80-85 million. He planned the budgets based on an exchange rate of RON4.35 to the euro.
(English version by Daniela Stoican)