“We will invest EUR2 million to EUR3 million to increase the production capacity of the plant as of next year. This year was much better than expected, forecasts were not that good at first, but demand for cans was higher both locally and abroad,” said Cristian Cornea, general manager of Can-Pack Romania, the branch of the Polish group by the same name.
The soda and beer can plant of Can-Pack exported 40% to 50% of production this year.
Can-Pack Romania’s export destinations are Nigeria, Morocco, Algeria, Tunisia, Slovenia, Greece and Turkey. Its most important markets are Turkey, Slovenia and Kuwait, which get 70% of its output. Orders from Turkey tripled this year and the company expects more than EUR70 million in revenue by yearend.
The company ended last year with EUR67 million in revenue and EUR4.5 million in net profit, compared with EUR50 million and EUR3.5 million in 2010, according to the Trade Registry data.
In Romania, Can-Pack’s cans go to Heineken, SABMiller, Bergenbier and Tuborg Romania, as well as to Coca-Cola and PepsiCo.
The Can-Pack group owns plants in Poland, Ukraine, India, Czech Republic, Dubai and France and is held by US-based F&P Holding, whose yearly revenue stands at EUR1 billion.
(English version by Loredana Fratila-Cristescu)