Romanian Romcarbon Reports RON107M Turnover For 2011, Up 5% On Year
Romanian plastic systems maker Romcarbon Buzau (ROCE.RO) Wednesday reported a 5% year-on-year decline in its 2011 sales, to some 107 million lei (EUR24.7 million) from RON112.9 million in the previous year, but it expects turnover to increase by at least 5% in 2012.
“For 2012, we expect growth of at least 5%, backed by investment estimated at EUR3.3 million,” the company said in a report sent to the Bucharest bourse.
Investment will mainly target upgrades and the introduction of new products in the portfolio.
The company’s largest shareholder is Taiwanese Living Plastic Industry, with a 32.85% stake. Other shareholders include Unitai International Corporation, with 20.5%, and investment fund Eastern Eagle Fund, with 14.2%.
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