The company ended 2014 with about EUR120 million revenue and some 900 employees.
“We intend to begin an about EUR15 million investment project this year, which will materialize in an adhesives plant,” Kastamonu Romania officials told ZF Transilvania.
The company also plans to complete several other projects started in previous years, they added.
Kastamonu completed a EUR150 million investment in a particleboard plant in Reghin three years ago and last year invested another EUR8 million in a line that makes kitchen countertops. Kastamonu manufactures high-density fiberboard, door skins, particleboard, melamine-faced boards and kitchen countertops at its plant in Reghin.
Customers are do-it-yourself retailers, furniture manufactures, distributors of materials and accessories for the furniture industry and about 75% of Kastamonu Romania’s revenue comes from customers abroad. The company ships its products to more than 30 countries, including Turkey, Ukraine, France and Northern Africa.
Kastamonu Romania expects more than RON585 million sales this year, an increase of 10% on 2014. (EUR1=RON4.4109)
English version by Loredana Fratila-Cristescu)