Symmetrica investments rise to EUR 24.5 mln following factory upgrade

Romanian pavers and curbs producer Symmetrica announced it has invested EUR 1.5 million in a new production line at Cociu manufacturing unit, bringing the company’s total investments into production developments to EUR 24.5 million.

“Expanding the factory in Bistrita Nasaud county came as a natural step not only in strengthening Symmetrica’s market position, but also in the context of growing market demand in the region. Also, with the expansion of the product portfolio and the launch of the special residential range of products, we felt the need to increase manufacturing capacity,” said Sebastian Bobu, Symmetrica executive director.

The new production line covers an 850 square meters area and has a capacity of 2,000 meters of pavers and curbs per day. Beside the new line, the Cociu unit has been expanded with new storage spaces of about 6,000 sqm and new spaces designed for cement silos and aggregate deposits.

The company projects that this increase in capacity along with the launch of new products for the residential sector will lead to an increase of five percent in business this year.

This latest upgrade brings the company’s total investments in production developments to EUR 24.5 million according to company representatives, who say that this step increases the production unit’s capacity to 15,000 meters of products per day.

“Depending on the number of orders and market developments for small precast concrete products, we can develop production capacity in other factories also by installing new lines,” Bobu said.

Symmetrica is a Romanian owned company, producing pavers, curbs and gutters. It was established in 1994 by Mihaela Stanciu Florentina (60 percent) and Florin-Cristinel Stanciu (40 percent).

The first Symmetrica factory opened in 1999 in Vereşti, Suceava, followed by production units in Podu Iloaiei, Iasi (2010), Bolintin Vale, near Bucharest (2011), Prejmer, Brasov (2012) and Cociu, Bistrita Nasaud (2012).

Among its clients were the National Arena, Vatra Dornei spa resort, Carrefour, Lidl, Penny Market, and a number of green parking lots in Bucharest.