The two plants have a total production capacity of 120,000 square meters of corrugated cardboard packaging a year and the company sells most of its production, 90%, in Romania, Rondocarton officials have previously said.
“In 2020 we made EUR12.5 million investments in the two Rondocarton plants in Apahida and Targoviste, despite it being a difficult year. The entire market was volatile in 2020, there were very slow months followed by months with record high sales, even after the lockdown ended. I think the trend will continue in 2021, and the market will experience an extended recovery,”
Mihnea Baldea, general manager Rondocarton, told ZF Transilvania.
Rondocarton posted some RON450.6 million (EUR95 million) revenue in 2019, an increase of 4% on 2018, according to ZF’s calculations based on Finance Ministry data. It also posted more than RON51 million (EUR10.8 million) net profit, 52% higher than in 2018 and had 455 employees on average, publicly available data show.
In 2020, it posted EUR85 million revenue and had 450 employees, its general manager said.
(English version by Loredana Fratila-Cristescu)