“The decision to expand the factory near Bistrita came naturally, as a result of increased demand in the region,” company executive manager Sebastian Bobu said in a press release Tuesday.
With the EUR1.5 million assigned for the production unit expansion, Symmetrica’s total investments in the past 20 years reach EUR24.5 million.
“The EUR1.5 million is 30% covered by the company’s own funds and the rest comes from bank loans,” said Bobu.
The new production line, for which works have already started, will be located in a 800 square-meter hall and will open in 2015.
The new production line will have an output capacity of 2,000 meters of paving stones and curbstones a day, raising the company’s total output to 13,500 meters of products a day.
Symmetrica has four other factories in Romania. The company was founded in 1994 by Florentina-Mihaela Stanciu and Florin-Cristinel Stanciu and had a turnover of RON68.1 million in 2013, up 7% on the year.