“Prodplast will initiate a large relocation process which will prevent the company to take new orders,” the plastics producer said in a statement.
The company didn’t say where it plans to relocate its business.
Prodplast has a share capital of 17 million (EUR3.88 million), divided into 17 million shares with a face value of RON1.
The company reported a net profit of RON2.9 million in 2011, almost double on the year, on total sales of RON53.8 million.
Monday, Prodplast closed down 4.04% at RON0.95 a share in Bucharest. (EUR1=RON4.3786)