“The relocation, retooling and capacity boosting process is very expensive, entailing a EUR25 million effort. We are trying to attract European funds or state aid, but it’s very difficult,” said Mircea Turdean, general manager and a stakeholder in the company.
The relocation process should start next year and it will last four-five years as the production activity must continue. On the short term, Farmec is devising a new product range, for generation Z.
Another segment the company wants to develop on is exports, wherefrom it now gets less than 5% of revenues. “We will boost our presence abroad, as the weight has dropped in recent years because of the pandemic. We export to 50 countries on all continents”.
Farmec plant works with around 900 people. The unit has ten production lines, as well as assembly lines. The company owns 5,000 square meters of logistic spaces in Cluj-Napoca.
In 2021, Farmec generated turnover worth almost RON285 million. “We target 4-5% turnover growth this year. We are trying to budget 2023 growth,” said Mircea Turdean.
(English version by Catalina Apostoiu)