”For 2022 we budgeted around EUR15 million, but this amount may change depending on market developments. The largest part of the investment budget, 36% of the total, will be allocated to the implementation of cutting-edge technologies and improving product quality,” Egger Romania officials told ZF Transilvania.
“Infrastructure works will receive 28% and the upgrade of the machinery fleet 19%. Last but not least, the remaining 17% of the budget will be allocated to the maintenance of current production facilities and environmental protection.”
The budget allocated by Egger in 2021 for investments was about EUR8 million. Of this amount, 62% was allocated for new investments and 23% for the modernization of facilities to improve the OSB production process. The remaining 15% was for maintenance works on the equipment in operation on the industrial platform in Radauti.
Egger Romania posted EUR404 million revenue in 2021, up about 34% from the previous year, according to data submitted by the company and available on the Finance Ministry website. Egger Romania ended 2020 with more than EUR302 million revenue, net profit of EUR13.5 million, publicly available data show.
(English version by Loredana Fratila-Cristescu)