Romanian steel producer invests EUR 10 mln in new production lines

Steel producer Proinvest Group Pascani has started a greenfield project in 2015 for producing several types of sandwich panels. The investment totals EUR 10 million. The company completed the project’s first stage in February this year, and the first production line has been put into operation following an investment of EUR 3 million. It has a production capacity of 1 million sqm per year. Starting February 1, the Proinvest Group plant produces five types of sandwich panels. The company will complete the second stage in 2018, when it will put into operation a new production line. Proinvest Group is a Romanian company that was founded in 2000. It had sales of EUR 16.5 million in 2014 and estimated a 50% increase in turnover in 2015. The company has been delivering panels for Kaufland and Dedeman stores and for Continental and Schweighofer factories. editor@romania-insider.com