Symmetrica invests 48 million Euro in new factory near Bucharest

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 Euro.

“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.

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 percent of the total energy required for the operation of the unit.

“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.