The investment is part of Symmetrica’s strategic plan to strengthen its position on the local stone sett paving market, the company’s chief executive office CEO Sebastian Bobu said Wedesday.
The company plans to reach a 22% market share and a turnover of EUR16.2 million in 2012.
Almost a quarter, or 30% of the investment was covered from its own revenue and the rest from bank loans, Bobu added.
The company also opened another production unit in March, following a EUR2.1 million investment.
Symmetrica was set up in 1994 by Florentina-Mihaela and Florin-Cristinel Stanciu. It invested over EUR18.5 million on the local market during its 18 years of operations.