The new production facility will have a capacity 25,000 tons of paper a year and the capacity of the paper converting line will be 12,000 tons a year. The paper plant in Dej takes up 90,000 square meters and will create 150 jobs by yearend.
“The investment is 80% completed, we bought the new equipment and are to start operations at the end of August. It’s a greenfield investment conducted in two phases and we are now completing phase one,” Ioan Tecar, owner of the MG-Tec group, told ZF Transilvania.
“We have already recruited 90 people are to hire 60 more.”
Tecar owns the Pehart Tec plant in Petresti, Alba County (central Romania), which posted 226.5 million (EUR51 million) revenue and had 365 employees last year.
The businessman intends to sell Pehart Tec to a multinational in the same industry and has conducted talks on several occasions. He did not provide any information on the talks because of a non-disclosure agreement of the parties and said more details would become available in the coming weeks.
Pehart Tec budgeted RON204.6 million revenue for this year, 6% higher in lei than in 2012. Pehart Tec’s products go to the stores of the major retailers in Romania (Lidl, Auchan, Profi, Metro and Cora) and are also sold through distributors in Romania. Its shareholders are Ioan Tecar (71.25%), the European Bank for Reconstruction and Development (EBRD, 25%) and Metalicplas Impex (3.75%).
The company is part of the MG-Tec group, which comprises ten companies with about 1,100 employees and posted EUR130 million consolidated revenue last year.
(English version by Loredana Fratila-Cristescu)