Rondocarton forecasts 10% growth

Cluj-based corrugated cardboard packaging maker Rondocarton estimates this year’s turnover will amount to 23 million euros, some 10% higher than in 2003. Average daily sales have reached 130 tonnes, which makes for 90,000-euro revenues. “We have available production facilities because we only work in two shifts, but we do not need any more for the time being,” Teofil Campean, Rondocarton general manager, told Ziarul Financiar. Rondocarton invested more than 1.5 million euros in a new production facility covering 6,500 sqm this year. Besides the investment in building the new facility, the Cluj-based producer has also allocated 2.8 million euros for buying new manufacturing equipment this year. The investment in technology announced by the company will continue in 2005, when new production lines are to be acquired for two million euros. ZF