Profit shrank by 15% and the number of employees remained changed. Segezha Packaging early this year announced it would invest more than EUR10 million in developing local production.
The investment will include a new production facility and a warehouse, upgrades of existing manufacturing lines and acquisition of a state-of-the-art manufacturing line.
Segezha Packaging supplies paper packaging to five sectors – construction supplies, food, chemical industry, agricultural products and recycling. Segezha has a plant in Ploiesti.
The company arrived in Romania as Walkisack SRL in 1999 and started manufacturing in Ploiesti in 2003-2004.
(English version by Loredana Fratila-Cristescu)