The new production unit will be ready at the end of the first half of 2022, but will become operational in early 2H of the same year, according to Marta Monaco, financial and corporate communication senior manager with Prada SpA.
Ziarul Financiar has recently written Hipic Prod Impex of Sibiu county, controlled by Prada, would invest EUR19 million in a new Romanian plant set to employ more than 330 people. The Italian group will get EUR8 million in state aid for the underway project.
Marta Monaco says the investment does not amount to this value, but does not unveil other figures.
Prada has 23 production units overall. In the Romanian one, operated by Hipic Prod Impex, it produces leather goods. The company ended 2020 with RON28 million turnover, down from RON45 million in 2019.
However, for Hipic Prod Impex 2020 was the second best year in terms of business. The company operated no layoffs, but on the contrary it hired 20 people, nearing 350 employees.
(English version by Catalina Apostoiu)