Ioan Tecar Takes Cellulose Market Lead Away From Rondocarton

05.31.2011 By Laurentiu Cotu , Loredana Fratila

Ioan Tecar, owner of a group of companies with a total turnover of almost EUR90 million, is one of the Romanian entrepreneurs who took advantage of the crisis and he has managed, through successive investments in recent years, to take the leading position on the cellulose and paper market away from a foreign company.

Alba-based Pehart Tec, controlled by Tecar, last year posted 53% higher sales, exceeding the turnover of its main rival, Austrian-owned Rondocarton, by EUR6 million and becoming the leader of the cellulose and paper market, according to the data centralized by ZF.

The European Bank for Reconstruction and Development (EBRD) is one of Pehart Tec's shareholders, with a 25% stake.

Tecar has built the MG-Tec group, with a turnover of EUR88 million in 2010 (up 14% on the year) and 1,150 employees, through successive acquisitions.

"Pehart Tec in 2010 posted a 53% sales increase compared to 2009, registering the best performance in the MG-Tec group. This is due to the higher production capacity in the wake of investments, but also due to newly signed collaboration contracts. We are counting on sales to rise this year, too," Tecar told ZF Transilvania.