“AdePlast’s growth in 2011 can be explained by the diversification of the product range, by the maturity that the AdePlast brand reached and by the focus on the market of polystyrene after the opening of the plant in Ploiesti,” Marcel Barbut said.
The company expects total sales to reach RON135 million (EUR31.2 million) by the end of the year.
Marcel Barbut estimates the market of mortars and adhesives, one of the main segments the company operates on, which amounted to some EUR270 million in 2010, will witness a 10% to 12% decline this year. “I think the year 2011 will come with a slightly higher decline, 15%, for the adhesives market, which was put at about EUR116 million in 2010.”
AdePlast opened a polystyrene plant in Ploiesti, southern Romania, in August, following a EUR4 million self-funded investment. The facility’s annual capacity amounts to 700,000 tons of polystyrene.
The company owns two more plants, one in Ploiesti and the other in Oradea, where it invested about EUR28 million. The plants’ production capacity reaches 31 million bags of dry mortar a year plus 220,000 tons of decorative paints.
AdePlast posted RON127.5 million (EUR29.5 million) sales last year and net profit stood at RON13 million (EUR3.01 million).
(English version by Loredana Fratila-Cristescu)