Record financial performance for Borsec producer in 2018 | Progresiv

Romaqua Group, the Borsec mineral water producer, ended the financial year 2018 with a turnover of 823 million lei, up by 13% over the previous year. And in terms of profitability, the company had a good year, reporting for the first time a net result of over 96 million lei, marking an advance of 35%.

In fact, over the past five years, the Romaqua Group's business has been on the positive side, with the company increasing its sales by more than 50% between 2013 and 2018.

"Investments are the key to growth. As a result, we budgeted for the next two years 30-40 million euros in development. This is a about a new factory in Azuga. We have reached the production capacity limit at the Busteni plant, so we will move the juice production to the new production unit, where we also plan to produce a new range of products. The line in Busteni installed for Giusto will continue to function to take over any kind of ultra-load", said last year Nicolae Palfi (photo), Vice-President of the Romaqua Group.

Romaqua Group is controlled by the entrepreneurs Octavian Cretu and Nicolae Palfi and currently owns five factories in Borsec (Harghita County), Stanceni (Mures County), Busteni (Prahova County), Lancram (Alba County) and Bucharest.