Net loss widened to more than RON25.5 million (EUR5.3 million) from RON15.9 million (EUR3.3 million) in 2019.
The company completed the first phase of the planned upgrade of the corrugated cardboard packaging plant in Sfantu Gheorghe, Covasna, two years ago, a project that is part of a EUR15 million investment, as it has previously said. The first phase also included expansion of warehouses by more than 4,000 square meters.
Dunapack Rombox Prodimpex is part of Austria’s Prinzhorn group.
Dunapack also has a plant in Bolintin-Deal, near Bucharest. It announced it bought an 11.5-hectare plot for it in October 2018 and the investment in buying the land and building the plant stood at EUR45 million.
The Bolintin-Deal plant started operations in the summer of 2019. It should help boost production capacity to more than 300 million square meters of packaging a year.
Dunapack’s customers include Heineken, BAT, Dr. Oetker and eMag.
(English version by Loredana Fratila-Cristescu)