By Jaroslaw Adamowski
Srpenica, Slovenia — Slovenian PU construction foam maker TKK Srpenica is spending around EUR 7m to build a new logistics facility.
The facility will occupy a plot of land of around 7,000 m2. The company is financing the investment from its own funds, according to the information obtained by local news agency STA. Construction work is expected to be completed by the end of 2017.
The project is part of the manufacturer’s plan to boost its revenues in the coming years. By 2021, TKK Srpenica aims to report annual revenues of between EUR 90m and EUR 100m, according to company representatives.
'Last year, we reported a sales growth of almost 5% compared with 2015. Our consolidated revenues totalled EUR 54m, while our profit increased by 30% compared with 2015,' said Uros Lozar, the company’s general manager. 'This year, we plan to exceed our revenues from 2016, but we’re not able to give an exact forecast due to the continuous increase in raw material prices and the rising sales of finished products.'
To increase its production capacity, the firm plans to add new jobs at its plant in Srpenica, in western Slovenia. TKK Srpenica is currently operated by a workforce of about 210 employees, and in the next four years, a further 80 jobs are to be created.
In addition to its facilities in Slovenia, TKK Srpenica operates subsidiaries in Croatia, Serbia, Bosnia and Herzegovina, as well as Russia.