The funding is set to support the company’s investment plan that envisages boosting equipment energy efficiency and the development of new production capacities and will boost the company’s working capital.
The group plans to earmark around EUR20 million for the three directions, with investments to be completed in 2023.
“The syndicated loan extension means investments in boosting production capacity, diversifying products in the portfolio and in a green future,” says Gabriel Stanciu, the group’s general manager.
At present, Pehart operates with two factories at Sebes, Alba County and Dej, Cluj County.
(English version by Catalina Apostoiu)