“We want to attract a partner in the company’s shareholding structure, an investment fund, we held talks to sell a minority stake. We plan to build a trash bag plant, an investment put at EUR20 million. By 2025, we want to build this new plant in Focsani,” Cosmin Buzaianu, a stakeholder in Electric Srl, told ZF.
Electric owns a plant in Focsani, where 160 employees operate over 30 production lines.
“Romania’s trash bag market is very large, we commissioned a study and it is estimated at EUR1 billion. This is why we decided to build this plant. Now, we sell the entire production locally, but after we build the plant we will go abroad. We’ve signed new contracts,” added Buzaianu.
In 2022, the company invested EUR2.5 million to double its production capacity and came to process 1,200 tons of plastic packaging per month, from 650 tons previously.
“We ended 2022 with EUR11 million, below the EUR12 million budgeted level and in 2023 we will hit EUR13 million turnover,” said Buzaianu.
(English version by Catalina Apostoiu)