The company plans to make EUR 2.8m in operating profit on EUR 40m in revenues this year.

The company, which will celebrate its 40th anniversary next year, bought a former facility of bankrupt builder Vegrad that stretches over 35,000 square metres in an industrial zone near Plastika Skaza's headquarters. "We're staying in Slovenia," promised Skaza, who plans to take the company multinational.

The company augmented its workforce from last year's 260 to over 300 this year and plans to add 20 jobs at the new facility.

Plastika Skaza, which made an operating profit of EUR 1.7m on EUR 31m in revenues last year. The company invested almost a million euros in equipment and the same amount in development.

"We did well last year," said the CEO, who plans the company to grow by at least a quarter this year to fulfil the goal of making EUR 100m in revenues per year by 2020.

Plastika Skaza, which still operates as a family business, exports over 90% of its products all around Europe, as well as to Africa, United Arab Emirates, China and the US.

The company, which will present its products to BMW in the beginning of June, bets on development to help it grow and increase its production from recycled materials. "If production was the heart of the company years ago, today it is the development section," Skaza noted. The number of developers grew from three to 14 in three years.