“We expect 10% growth of MG-Tec revenue this year compared with 2014. Growth will come from construction work, from construction materials and from sales of paper,” Ioan Tecar told ZF Transilvania.
Tecar expects construction work to generate RON83.5 million revenue, construction materials to generate RON120 million sales and the paper business to contribute almost RON430 million.
The MG-Tec group consists of 11 companies. Tecar’s business gained visibility after the signing of a EUR6 million deal with the European Bank for Reconstruction and Development (EBRD) in May 2009. EBRD owns 25% in Pehart Tec, the group’s paper and paper products company.
(English version by Loredana Fratila-Cristescu)