EXONIA PACKAGING - REMARKABLE PACKAGING MANUFACTURER

EXONIA has signed the transaction for the acquisition of the real estate assets of the former bakery complex, previously managed by VEL PITAR. This new acquisition will allow us to transform the largest bakery complex in northeastern Romania into potentially the largest factory for biodegradable paper packaging in Eastern Europe. It is a strategic move that will expand the EXONIA group's presence in the European Union markets through the highway infrastructure connecting Iași to Western Europe. This expansion will not only increase the presence of Iași-manufactured packaging on the exclusive shelves of the United States but will also utilize the port infrastructure in Constanța. Furthermore, it will enable access, also by sea, to a market with tremendous potential for the consumption of biodegradable paper bags manufactured by EXONIA: the Middle East.

What strategy is adopted by the packaging manufacturer Exonia from Iași, pending the listing on the AeRO market of the Bucharest Stock Exchange. While waiting for the listing on AeRO of the Exonia company, Tiberiu Stoian, the owner of the packaging manufacturer from Iași, invests heavily in the production of biodegradable paper packaging. On this basis, Stoian will accelerate investments in the packaging area, taking into account the increase in exports. If in 2019 the exports of packaging produced by Exonia were below 10% of the turnover, they rose to 67% at the end of 2022. The main markets are the United States and the countries of Western Europe, where Exonia exports customized paper bags. In the case of exports to the United States, the transport costs are very high, almost 25% of the value of the orders, but the entrepreneur says that he will continue deliveries to America, because in this market the demand for paper packaging is growing.