Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. SYMMETRICA invests €48 million in the largest factory...

SYMMETRICA invests €48 million in the largest factory in the portfolio, but also in S-E Europe

March 30, 2024

Symmetrica, the leader of the local market of vibro-pressed products and the largest domestic producer, announces a new investment in the largest factory of concrete pavements in South-Eastern Europe, worth 48 million euros.

 

"Located in Bolintin Vale - Ilfov, our new prefabricated factory will be a symbol of excellence and technological progress. With an impressive surface and extensive production capabilities, this unit represents an essential pillar in supporting regional growth and development and incorporates new technologies for the Romanian market", said Sebastian Bobu, Executive Director of the company.

 

According to its statement, the new production facility is located on a plot of over 120,000 square meters and will have a built-up area of 18,000 square meters. It will also have two photovoltaic parks located on a 20,000 square meter plot of land. These will ensure approx. 60% of the total energy required for the operation of the unit. This initiative reflects the company's commitment to sustainability and environmental responsibility. By adopting solar energy, Symmetrica aims to reduce its carbon footprint and promote the use of renewable energy sources.

 

"The factory in Bolintin Vale will be inaugurated this autumn. Being located near the unit we already own, since 2011, in the vicinity of the Capital, we decided to migrate the activity from it to the new location, thus optimizing the entire production", said Sebastian Bobu.

 

The necessary investment, in the amount of 48 million euros, was secured both from own funds and through bank loans. In this regard, Symmetrica contracted a loan worth approx. 35 million euros from Banca Comercială Română (BCR), a member of Erste Group, one of the most important financial groups in Romania.

 

"We are a solid partner for Symmetrica, one of the successful local businesses and the largest Romanian manufacturer of pavers and curbs. We are happy to support the company's expansion and establishment as a regional leader, through a new production unit that prioritizes sustainable and sustainable development. Our long-term collaboration confirms the expertise that BCR has on industrialization, retechnology and infrastructure modernization projects, but also the fact that together we can develop healthy and strong businesses for a financially intelligent Romania", said Romeo Antoche, Director BCR Corporate Business Center Executive.

 

Having 4 manufacturing lines in the first phase, the factory in Bolintin Vale will also have lines for surface processing and special treatments as well as for splitting concrete blocks. One of the most notable features of this factory is the integration of the most modern production technology of concrete pavers and slabs. Equipped with state-of-the-art equipment and innovative manufacturing processes, Symmetrica's factory is ready to offer the highest quality products tailored to today's market demands and needs.

"The new technologies incorporated in this production unit will give us the opportunity to expand our product portfolio and launch new ranges with unique specifications on the local market, both in terms of design and properties. The 4 lines that will be put into operation in the first phase will be used for the production of pavers, slabs, curbs, gutters", emphasized the representative of Symmetrica.

 

Also, the factory that will be inaugurated this fall will contribute to increasing Symmetrica's total production by 30%, with a capacity of 15,000 square meters per day. Looking back, with this new factory, in the 30 years since its establishment, Symmetrica has made investments that, in total, exceed 110 million euros.

The information provided by KomuniK

Read in full - click here
Workspace Studio reaches EUR 27 mln in 2024, with over 100,000 sqm of modern offices designed and furnished

Workspace Studio, a leader in ergonomic design solutions and employee-centered design, announces solid results for 2024, with a turnover of €27 million, up 20% from the previous year. This success was driven by large-scale projects for top companies as well as numerous collaborations with medium and small firms, all benefiting from the same commitment to […]

Romania presidential elections: MKOR study says Călin Georgescu leads voting intentions but Ilie Bolojan could win second round

A new study by MKOR shows that pro-Russian politician Călin Georgescu is the frontrunner in Romania’s presidential race, with 36.6% of voters favoring him in the first round. However, the data suggests that acting president Ilie Bolojan could defeat him in the runoff, where he would secure 42% of the votes against Georgescu’s 40%. Ilie […]

Western Romania: Țiriac Imobiliare gets permit for major mixed-use project in Timișoara

The City Hall of Timișoara, in western Romania, has approved the Zonal Urban Plan (PUZ) for the redevelopment of the former abattoir, paving the way for a large-scale transformation of the nearly five-hectare industrial site. The project, led by Țiriac Imobiliare through its subsidiary Goldale Real Estate SRL, will preserve the historical buildings while repurposing […]

How can you digitalize procurement processes?

Managing procurement within an organization can be challenging: large budgets, approval requests, complex processes, and endless administrative work that is difficult to control. Digitalizing procurement processes can radically transform this landscape. Matricia Solutions has implemented procurement projects for one of the largest...

Romania presidential elections 2025: Reformist candidate Elena Lasconi doesn’t rule out support for Ilie Bolojan

Acting president Ilie Bolojan running for a full term is becoming an increasingly plausible scenario after one of the candidates, the one who won the second largest number of votes after isolationist Calin Georgescu in November 2024, said she would step down in his favor. The leader of the reformist opposition party USR, Elena Lasconi, […]

Greek-owned Vista Bank in Romania takes over local leasing arm of Alpha Group

Vista Bank, which has been owned since 2018 by the Vardinogiannis Group of Greece, one of the largest industrial conglomerates in Southeastern Europe, announced the acquisition of Alpha Leasing Romania from Alpha Bank and Alpha International Holdings. Alpha Leasing also owns 100% of Alpha Insurance Brokerage Romania.  The transaction, subject to regulatory approval, is expected […]