The loan will be repaid in 12 months, the company said in a statement.
Prodplast also decided to take out additional loans of RON5 to RON9 million from UniCredit Tiriac Bank to purchase raw materials and “other items.”
Prodplast has a share capital of RON17.07 million, divided into 17 million shares with a face value of RON1.
The company reported a 63% drop in its first-half sales to RON8.4 million.
On the Bucharest bourse August 14, Prodplast closed down 5.42% at RON1.265 a share. (EUR1=RON4.4288)