Articles in category Packaging&Paper Industry
The Cluj-based Rondocarton company, a producer of corrugated cardboard, in
the first six months of this year registered turnover worth 12.8 million
euros (46 million RON), up 15%...
Shareholders in Celhart Donaris S.A. - Braila on July 13th convened and
authorized a share capital increase by 7,412,545 RON, equal to 2,963,018
shares subscribed by Ecopack S.A....
Cellulose and paper manufacturer Somes SA Dej, part of the Serviciile
Comerciale Romane (SCR - Romanian Commercial Services) group of firms, saw
turnover stagnate at about 8.6 million...
Ambro Suceava, one of the leading players in the paper and cellulose
industry, estimates a turnover worth 31.2 million euros for this year, up
from 22.5 million euros...
Interbrew Romania, a branch of the international beer producer InBev,
recently invested seven million euros for the acquisition of a beer bottling
plant for PET (polyethylene terephthalate) lines of beer, according to the
company's general director, Mihai Ghyka.
"PET bottled beer covers at the moment 34 percent of the Romanian beer market. We want to compete for the first position," said Ghyka.
According to its own estimates, the company holds a 14 percent market share in the PET beer sector.
Interbrew Romania's production increased in 2005 by 18 percent and the company reported a 140 million euro turnover.
The official said that the company's market share is 22 percent.
InBev has been active in Romania since 1994.
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"PET bottled beer covers at the moment 34 percent of the Romanian beer market. We want to compete for the first position," said Ghyka.
According to its own estimates, the company holds a 14 percent market share in the PET beer sector.
Interbrew Romania's production increased in 2005 by 18 percent and the company reported a 140 million euro turnover.
The official said that the company's market share is 22 percent.
InBev has been active in Romania since 1994.
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Adjud-based paper producer Vrancart concluded last year with a net
profit of 4,734,674 lei, down by 4% year-on-year, and revenues of
53,755,041 lei, down from 70,712,422 lei in 2004. Last year's gross
profit was 5,557,068 lei, down by 4%.
Last week, the Shareholder Assembly decided to increase the share capital by 4,745,495 lei, equal to 9% of the current share capital. The company will use 4.4 million lei from the net profit made last year and over 295,000 lei from reserves and will issue 47,454,950 shares with a face value of 0.1 lei. The new shares will be proportionally distributed to the existing shareholders. source |
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Teraplast GP, one of the main domestic PVC producers, will invest around 4.8
million euros to erect a new PVC profile plant in Brasov this year.
Construction works will start this month and will be finalised in July.
Stirom Bucharest, a glass packaging producer this year expects turnover
worth 155 million RON (about 43 million euros), approximately 27% higher
year-on-year, say the company's representatives.
Maillis Romania announced FY:05 results, according to which sales increased
by 8% to €13.52m, while net earnings decreased by 12.7% to €0.83m.
Note that the contribution on the group results is minimal.
Note that the contribution on the group results is minimal.
The company will proceed to the gradual transfer of part of its productive unit in Italy to Romania.
Marfin analysts said that working costs are substantially lower (c. 1/10) in Romania while along with the size of the local market could provide a comparative advantage to the group.
The transfer is expected to be intensified in 2006-07.
FY:06 estimates for the Romanian subsidiary call for top line growth of 27-28% and bottom line growth of 25-26%.
Asas Romania, a Romanian-Turkish joint venture operating in the domain of
packaging production has started to make investments worth about 15 million
euros in order to triple the production capacity of the plant located in
Budesti, Calarasi county.
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