Neveon is one of the largest manufacturers of flexible polyurethane foam and has a plant, also its headquarters, in Sibiu, as well as facilities in Bucharest, Piatra Neamt and Baia Mare.
It has invested EUR25 million in the Sibiu plant in the past decade, Reudink says, EUR15 million in the last five years.
“We expect to see a return on investment this year.”
Neveon Romania posted EUR60 million revenue in 2022 and expects 10% growth in 2023, but it will all depend on the trend of raw material prices.
Besides Neveon, Greiner Group has two packaging manufacturing plants operated by Greiner Packaging, which posted RON113 million revenue in 2021, and Thrace Greiner Packaging, which posted RON104 million revenue the same year, Finance Ministry data show.
(English version by Loredana Fratila-Cristescu)