Romanian metal tile producer opens new production line with EUR 1.5 mln

Metal tile producer Depaco will open a new production line in its factory in Baicoi, in Prahova county, as part of a EUR 1.5 million investment program. The company is the only local producer of four different types of metal tiles, said Dragos Irimescu, Depaco general director, cited by local Wall-street.ro. In June, the producer announced that it wanted to increase its turnover by 20% this year, to over EUR 22.3 million. The company posted a turnover of EUR 18.5 million in 2014, up by 8% compared to 2013. It thus reached a 17% market share on the metal tile segment. Local entrepreneurs Lucian Trofin and Dragos Irimescu own Depaco. editor@romania-insider.com (photo source: freeimages.com)