Kronospan, a business of over EUR220 million in 2016, reported a loss of EUR11.5 million in 2016, according to public data.
Once the investment has been completed, the Kronospan factory in Sebes will produce only ecological plates.
Kronospan Sebes’ turnover fell 8% to RON997 million (EUR221.5 million) in 2016, as the company registered a loss of over RON52 million. The company has 440 employees, according to Finance Ministry data.