“The start of the year was worrying and especially unpredictable amid the significant price hikes for commodities and energy reported starting as early as 2021. This context has been challenging, but the broad product range, the ongoing retooling and expansion investments have had a positive impact over our business. Moreover, we had to align the prices of our products applying an increase that should cover at least partially the rising utilities and commodities prices,” stated Sebastian Bobu, Symmetrica CEO.
While 2022 will remain under the impact of chain reactions caused by rising prices of energy and commodities on the one hand and of inflation and the political context, Symmetrica will report 20% higher turnover in 2022, adds Sebastian Bobu.
In 2021, the company’s turnover rose by 11%, to RON182 million (EUR37 million).
In the first months of this year, Symmetrica invested EUR11.5 million to open the plant of Solca, Suceava, and retool the one of Veresti, Suceava. Also, the company will launch a new unit in Ovidiu, Constanta, this summer.
“Overall, by yearend, we estimate we will earmark a significant investment budget and boost production capacities by around 30%,” said Bobu.
As regards the market, he expects it to stagnate in terms of volumes.
(English version by Catalina Apostoiu)