Electroplast invests over 9 million Euro to modernize its electrical cable factory

Electroplast, one of Romania’s leading electrical cable manufacturers, announces the implementation of an investment project worth over 9 million euro, aimed at technological modernization of the factory and through expanding its presence in major railway infrastructure projects.

In the first half of 2023, the company joined the portfolio of construction materials holding ROCA Industry, listed on the BVB main market. Financial results from H1 2024 show that Electroplast achieved a turnover of 80 million RON, increasing by approximately 3 percent compared to the similar period in 2023. EBITDA increased by 56 percent compared to the previous year’s level, reaching 4.7 million RON, due to balancing the mix of clients and products sold, along with the unblocking of railway infrastructure projects financed through PNRR. Additionally, production digitalization and operational efficiency measures have led to a more energy-efficient production process, increased productivity, and ultimately lower operating costs.

“Investments in advanced technology and our involvement in railway infrastructure projects are strategic steps that ensure increased production capacity and energy efficiency, as well as positioning ELECTROPLAST as a key player in projects that set the direction for a sustainable and high-performing future. We are proud to contribute, through the expertise accumulated over more than 30 years of activity, to the modernization of national industry and infrastructure,” stated Dan Burian, CEO of Electroplast.

The investment project, totaling over 9 million euro, aims at operational modernization of the Electroplast factory and includes the acquisition of advanced technological equipment, expansion of production halls, and implementation of innovative energy efficiency solutions. As part of the project, the company signed a contract with the Ministry of Energy for the acquisition of two state-of-the-art pieces of equipment, worth 10.9 million RON in total, of which 4.6 million RON represents funding granted by the Ministry of Energy.

The investment project will lead to tripling Electroplast’s production capacity and will ensure superior product quality, offering durable electrical cables that will contribute to increased energy efficiency and reduced carbon footprint.