Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. SYMMETRICA marks 30 years of activity with 10...

SYMMETRICA marks 30 years of activity with 10 national factories and total investments of over 135 million euros

June 27, 2024

  First factory inaugurated in Veresti, Suceava county in 1999 Company business has grown four times in last 10 years Investments of about 50 million euros in the largest pavement and tiles factory in SE Europe.   Symmetrica, the leader of the local tile market has constantly developed in its 30 years of activity, benefitting from national coverage by means of its ten production units. The company announced an investment of 50 million euros in the largest concerete tile factory in South-Eastern Europe.   Symmetrica investments in its 30 years of activity exceed 135 million euros, of which 110 million euros were in the nine concrete tile factories and 25 million euros in the industrial equipment factory.   The company was set up in 1994, its main activity object being manufacturing and selling concrete tiles for constructions. Its own factory opened in Veresti, Suceava in 1999 and its production capacity expanded five years later.   Over 2010-2012, the company built four factories at Podu Iloaiei, Iasi county (2010), Bolintin Vale Giurgiu (2011), Prejmer Brasov and Cociu Bistri?a-N?s?ud (2012), while in 2015, the Symmetrica brand went through an ample repozitioning process. The expansion continued in 2018, when Symmetrica took over Somaco Holding factory in Doaga, Vrancea county and invested in the development of production capacities. The network was later completed with other factories, at Zimandu Nou, Arad (2021), Solca, Suceava (2022) and Ovidiu, Constanta (2023).   The activity of Symmetrica Tech factory focuses on design, manufacture and processing of metal parts for industrial equipment in varied domains such as naval, air and car fields, as well as in building material industry.   Investments recorded a constant sales progress, the company business figure recording a continuous increases from 68.1 million lei (15.4 million euros) in 2013 to 260 million lei (53.5 million euros) last year.   Of the specialized market, about 40% of production volumes went to infrastructure projects, while 25% went to logistic and industrial ones. The residential segment, including building materials and DIY stores represent 35% of overall sales.  

Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]

Romania draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...

InterCapital launches two new ETFs on the Bucharest Stock Exchange

InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries.  The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]