The investment fund Roca took over 18% of the company Sinteza Oradea, to expand the portfolio of the company producing now benzoic acid (derived from benzene oil and then toluene).
“We are confident that in the near future, with our involvement, the activity of Sinteza will be expanded and that the chemical industry in Oradea and Romania will have a new stage of development. Sinteza has the potential to support such growth. Roca’s promise of partnership development is also reflected in the sixth transaction; we will actively collaborate with the other shareholders and with the management of the company and we will identify the best ways to turn Sinteza Oradea into a new Romanian success story,” said Alex Savin, member of the Roca Investors Board and project manager.
Sinteza has the production line to the standard of quality necessary to be able to deliver products that meet the export demand. The main product in the company is benzoic acid, a product used as a base for chemicals used in the food industry, the chemical fertilizer industry, the pharmaceutical industry and the plastics industry. Sinteza recorded a turnover of 27 million lei last year, in an upswing compared to the previous years.