STA, 9 January 2019 - Plastika Skaza, a Velenje-based company specialised in plastics products, last year exceeded EUR 40m in total revenues for the first time in its 40-year history, while pre-tax profit was up seven-fold to EUR 1.4m, the company announced on Wednesday.
Speaking to the press in Ljubljana, the management noted that revenues were up by 4% last year, adding that in 2019, Plastika Skaza intended to enter the German market and continue with investments in research and development.
"The goal for this year is to generate EUR 50m in revenue, driven by growing sales of our own brand, which currently represents 8% of total sales," sales director Mirela Kurt told the STA.
In this segment, the company gained 18 new clients and recorded sales growth of 70% last year, she noted.
The company employs 368 people and sells around 90% of its products abroad, mostly in Scandinavian markets.
Last year, Plastika Skaza invested a total of EUR 1.1m, mostly to machines and equipment, automation and development of a smart plant. This year investments are planned to stand at EUR 1.2m.
The company has abandoned production for the automotive industry and now focuses on the furniture and electronics industry, while putting an emphasis on biomaterials and recycled materials for its products.