“The main investment directions included plant retooling, energy efficiency and portfolio diversification. Major resources were also directed to the modernization of the existing thermal panel line. In parallel, we operated essential investments in the premium packaging of all types of panels,” says Irina Boureanu, the company’s commercial manager.
Topanel also completed the investment in a 1.8 MWh-photovoltaic park in 2023. The company also earmarked resources to acquire a new thermal insulating panels line from a European producer. In line with estimates, the line will become operational starting September 2024.
Topanel ended 2023 with turnover worth around EUR65 million, down from EUR70 million in 2022 amid fluctuating raw material prices.
The commercial manager of Topanel expects 2024 to be a good year as the first market signals are encouraging.
The company aims to boost production by at least 10% against 2023 and expand its client portfolio, strengthen current partnerships and adjust its product offering to keep up with market changes.
(English version by Catalina Apostoiu)