Promateris, leader of Central and Eastern Europe in compostable packaging production

Must Read

SeedBlink acquires Symbid, one of the world’s first investment crowdfunding platforms, in a European consolidation move

By rbj Speedlink, the European co-investment platform in tech startups, has announced it has completed the acquisition of Symbid, one...

Biofarm: innovation ambassador, during the first six months of the year, the Romanian company focused on launching new products in the CHC segment dedicated...

By rbj Biofarm (stock symbol BIO), one of the most important drug manufacturers in Romania, reports significant increases in the...

The Romanian firefighters are present in France to support the French forces who are fighting the climacteric flames

By rbj Two C-17 Globemaster III aircraft from the Multinational Strategic Transport Unit and a C-27J Spartan aircraft of the...

By Andra Beltz
Promateris ended 2021 with spectacular results. The Romanian company is the European leader in the emerging industry of sustainable products and solutions for the circular economy: from bio-based compostable packaging to end-of-life solutions, initiatives and partnerships for innovation.
Promateris announces an increase of 110% for biodegradable and compostable packaging compared to last year. This growing demand has contributed to the company’s results in2021. Promateris recorded a 66% increase in turnover for the first nine months of the year compared to the same period last year. The group recorded a consolidated turnover (including the distribution company Biodeck) of 27.5 million euros and a consolidated EBITDA of over 4 million euros, a 112% increase compared to the same period of the previous year.
Awareness of the risks posed by climate change and especially single-use plastic pollution has led to the adoption of legislative solutions at EU and Romanian level, resulting in increasing public interest in bio-based and compostable packaging. We believe in the green transformation that is taking place in the European Union, and our ambition is to become the largest European manufacturer of low-carbon packaging. During the last three years, we have made investments of over 10 million euros in the development of biodegradable and compostable packaging and the recycling of bioplastic. Promateris is on an accelerated growth trend, and we will continue to invest in the company’s development in order to improve performance, both by increasing the production capacity and by digitalizing our workflows,” stated Tudor Georgescu, CEO of Promateris.
‍In 2021, the group registered a 36% increase in biodegradable and compostable packaging segment production compared to 2020. The company plans to increase production in this segment by 40% in 2022, thus consolidating its position as a regional leader in Central and Eastern Europe. Regarding the reduction of its carbon footprint, in 2021, Promateris recycled more than 1,000 tons of industrial waste from production. This was made possible by the company’s installed biomaterials recycling line.
Promateris ends 2021 with a series of significant achievements, such as obtaining non-reimbursable financing of 744,000 euros for the production of corn starch based raw materials. The grant is offered by Iceland, Liechtenstein, and Norway through the SEE and Norwegian financial mechanisms 2014-2021, under the “SMEs Growth in Romania”program. The company also obtained a grant of 100,000 euros through the Electric UP program to install photovoltaic panels. This is the company’s first step in the transition to use renewable energy in the production process.
Also, in 2021, Promateris published its first ESG(Environmental, Social, Governance) report and obtained/renewed the following certifications: ISO9001, 14001, 45001, 22000, at testing the organization’s best practices. The company has implemented a state-of-the-art ERP system specialized in packaging production in partnership with the German company Theurer in terms of workflow efficiency.
In 2022 Promateris plans to continue investing in biomaterials in order to consolidate its position as a leader in the CEE region by developing its production capacity for bio-based & compostable packaging. The company also intends to develop the production of flexible packaging for the food industry and to start the production of biodegradable and compostable raw materials based on corn starch. Promateris will thus become the first company in Eastern Europe to produce raw materials based on corn starch.
In addition, Promateris aims to enter a new market segment – paper packaging, by developing a production facility, a project which will be finalized in 2023.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

SeedBlink acquires Symbid, one of the world’s first investment crowdfunding platforms, in a European consolidation move

By rbj Speedlink, the European co-investment platform in tech startups, has announced it has completed the acquisition of Symbid, one...

Biofarm: innovation ambassador, during the first six months of the year, the Romanian company focused on launching new products in the CHC segment dedicated...

By rbj Biofarm (stock symbol BIO), one of the most important drug manufacturers in Romania, reports significant increases in the first half of the year...

The Romanian firefighters are present in France to support the French forces who are fighting the climacteric flames

By rbj Two C-17 Globemaster III aircraft from the Multinational Strategic Transport Unit and a C-27J Spartan aircraft of the Romanian Air Force performed, on...

ROCA Industry announces that its subsidiary Bico Industries will take over the majority stake in the Lithuanian company SmartTech AG

By rbj ROCA Industry, the holding company that brings together the construction materials companies in the ROCA Investments portfolio, announces that its subsidiary Bico Industries...

Hungarians fear inflation, but also global recession. The opinion of the Central Bank of Budapest. Viktor Orban’s government expects inflation of 20% in 2022

By rbj Inflation could accelerate to around 20 percent in the coming months, said Barnabás Virág, vice president of Bank Magyar Nemzeti. According to the...
- Advertisement -

More Articles Like This

- Advertisement -