Symmetrica acquires the Somaco Holding factory in Vrancea

by   CIJ News iDesk V
2022-11-03   09:51

The paving and curbing manufacturer Symmetrica has acquired the Somaco Holding factory in Doaga - Mărășești, Vrancea County, in which it plans to invest approximately EUR 10 million in its modernization.

The new facility purchased is positioned adjacent to the manufacturing facility that Symmetrica already owns. With this step, the company will expand with several production lines on a total area of approximately 300,000 sqm.

"At the beginning of the year, we mentioned that our expansion strategy includes the southeast of the country, one of the areas with high potential that reports significant increases from year to year in terms of volumes of precast concrete sold. The acquisition of the Somaco Holding factory in Doaga comes as a natural step in shaping this strategy and marks an important stage for Symmetrica in order to strengthen its position," said Sebastian Bobu, Executive Director of Symmetrica.