Romania’s Vrancart eyes €14.7M investment

Romania’s cardboard maker Vrancart adjud is aiming to acquire funds from the Romanian state to implement an investment worth some RON 65.6 million (€14.7 million) in expanding and modernising its output capacity.

The manufacturer is planning to carry out the project in the years 2017 to 2019.

The cardboard maker reported sales revenues of some RON 117.36 million (€26.34 million) for the first six months of this year, as well as a net profit of about RON 11.35 million (€2.55 million).