„We do not see growth in 1Q, packaging demand is still low. However, we are hoping for a consumption rebound in the second half of the year, maybe we will also see an interest rate decline,” Mihnea Baldea, general manager of Rondocarton, told ZF.
„This year we plan to carry out the project for the retooling of Cluj plant opened almost 25 years ago. We want to start it in 2025. The investment will span 2-3 year,” said Baldea.
Rondo Ganahl opened its first plant in Romania in Apahida, Cluj, 25 years ago in an investment in the range of tens of millions of euros and added a second manufacturing facility in Targoviste in 2008, following a EUR38 million investment.
(English version by Catalina Apostoiu)