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% from the corresponding period of last year.
"The packaging market is witnessing a slight increase this year in comparison with the last few years, when annual had not been higher than 5%. The trend of the market has generated higher industrial output in our case, too," Teofil Campean, general manager of Rondocarton, told ZF.
According to him, the results in the first half of the year were also triggered by the expansion of the customer portfolio.
In the wake of packaging market growth, company's representatives have projected turnover worth around 25 million euros this year. In 2005, Rondocarton registered turnover standing at 22 million euros, 10% higher than in 2004, after the company's management had previously announced, at the beginning of last year, forecasts suggesting that the respective indicator would remain flat or even decline amid shrinking orders from domestic customers. The Cluj-based company has a market share put at 18% and its main competitors are Romcarton, Dunapack and Ecopack. The company exports its products to countries such as Italy, Hungary, Switzerland, France, Serbia and the Republic of Moldova, with exports accounting for 30% of turnover.
Rondocarton management has earmarked investments worth approximately 4 million euros for this year, which will result in an expansion of the company's production capacities by around 7%. According to the information provided by company representatives, the annual production of the Cluj-based plant stands at 30,000 tonnes.
In 2004 the company invested over 1.5 million euros in a new production space located on an area of 6,500 square metres.
Beside investments in the production facility, the Cluj-based manufacturer of corrugated cardboard has also allotted 2.8 million euros to acquire new production machinery. Last year, investments in machinery were further increased, amounting to around 2 million euros.
Rondocarton was set up in 1999 in Cluj-Napoca and currently has 200 employees.
The Austrian Rondo Ganahl Aktiengesellschaft firm owns 92% in Rondocarton, with the rest of stock belonging to several Romanian and Austrian individuals. The group has more than 850 employees and in 2003 posted turnover worth 160 million euros.
The Romanian market of corrugated cardboard products, estimated to be worth approximately 120 million euros, is divided between eight manufacturers with total annual production revolving around 210,000 tonnes. Of this quantity, 50% is turned by these producers into packaging, while the remainder is sold as corrugated cardboard sheets to other transformation companies or furniture producers.
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