„We’ve built the new plant, an over EUR3 million investment. We are waiting for machinery, with high delivery delays,” Cosmin Vacariu, Evopack owner, told ZF.
The producer will enter the niche of biodegradable cutlery. The investment project is carried out through a loan from Raiffeisen Bank and own sources.
The plant of Piatra Neam has a 950-sqm area and operates four production lines.
“Turnover rose by 60% in the first quarter of this year, but profitability was flat, we sold at lower margins to stay on the market,” said Cosmin Vacariu.
The company has 38 employees and plans to bring 15 people from Sri Lanka amid the local labor crunch.
Last year, Evopack hit EUR3.8 million turnover, almost double the 2020 level, according to the company’s officials.
(English version by Catalina Apostoiu)