Exports generate over 50% of the company’s turnover.
Kastamonu delivers the products manufactured in Reghin to countries such as Hungary, Italy, Serbia, Poland, Turkey, Ukraine, the Republic of Moldova, the Czech Republic, Slovakia, Slovenia, Morocco, Guatemala, Egypt or France. The company has budgeted over EUR2 million investments to retool Reghin wood processing plant.
“The investment plan agreed for the current year focused on production capacity modernization and work condition improvement. At present, we are on schedule with our early 2021 targets,” Kastamonu Romania officials told ZF Transilvania.
The company for the first six months of this year reported turnover worth RON384 million (EUR77.6 million), up 33% from the year-earlier period. Kastamonu in 2020 hit turnover of RON658.7 million (EUR136.7 million).
(English version by Catalina Apostoiu)