Constantin Toma, owner of Romet Buzau group, with 190m-euroannual turnover, early this year sold the 40% stake he held inSuperlit Romet plastic pipe producer to Superlit Turkish group, butthe two sides chose not to disclose the value of the deal. Rometand Superlit in 2008 built a glass reinforced plastic (GRP) pipingplant in Buzau in the wake of 10m-euro investments. "We decided tosell Romet group's stake in Superlit Romet as the business was asecondary one for us and at the same time the Turkish majoritystakeholder requested the purchase as it wants to double productioncapacities in Buzau to sell in all EU countries," states Toma. "Themoney generated from the sale of stock is used for the firm's dayto day operations. Romet group's investments in Superlit Rometbusiness amounted to some 4m euros," maintains Toma. The Turkishgroup plans to boost Buzau plant's capacity by yearend in the wakeof a further 10m-euro investment. Romet for this year budgeted a12% increase, to 870m RON, on rising sales of metallic works andproducts destined to the water industry.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
