Rondocarton has corrugated cardboard plants in Cluj and Targoviste.
The company posted total revenues of 257.8 million lei (nearly EUR58 million) in 2014 and a net profit of almost RON17.7 million (EUR4 million), according to Finance Ministry data.
In the first quarter of 2015, Rondocarton posted revenues of EUR15.1 million, up 7% from the same period a year before.
The company’s direct sales to export represent 5% to 7% of all revenues, Rondocarton’s foreign partners being companies in Bulgaria, Serbia, Moldova or Switzerland.
In 2015, Rondocarton started an investment program worth EUR7 million, which will develop on three stages and is due to be completed over the next two years. Based on this program, the company will enlarge storage areas at its factory in Targoviste and will make investments in its Cluj-based factory.
The two plants currently employ 285 people.
Rondocarton’s main stockholder is Austria’s Ganahl AG with a 98.5% stake, while Austria’s VLM owns a 1.5% stake.
(English version by Manuela Panescu)