Also, the company eyes total revenue of EUR23 million in 2015, up 9.5% from 2014.
“We increased the production capability of the cardboard boxes to cover all the contracts. The sale structure has changed, sales increased on the cardboard boxes segment while decreasing on the cardboard plates one,“ the company’s representatives said in a statement.
The company owns two plants on the local market, located in Salonta (Bihor county), which mainly manufactures corrugated fiberboard boxes. It also manufactures corrugated fiberboard plates used in producing cardboard boxes, for various clients in Romania, Hungary as well as the neighboring countries.
The company’s exports set at 40% of the revenue, with Hungary being the main market, according to the data previously supplied by the company. Its annual production capability is of 35,000 tons, having partnerships with companies such as Cramele Recas, Sam Mills, European Food, Boromir, PGS Sofa, Ecolor, Samsung, Coca-Cola, Reckitt Benckiser, Bonduelle and Plasticast.
The company plans to invest EUR1.1 million in 2015, in expanding its factory in Salonta by 4,600 square meters. Also, it plans to invest EUR1 million in increasing the production capability of the corrugated fiberboard boxes.
VPK Packaging posted revenue of 93 million lei (nearly EUR21 million) in 2014, with an average number of 197 employees, according to Ministry of Finance’s website.
(English version by Manuela Panescu)