“Expanding production capacity will help us enhance exports and in the upcoming years we target selling 40% of our output in Bulgaria, Germany, the UK, Greece, Hungary, Poland, Republic of Moldova, Ukraine, Russia. Sterk Plast invested over EUR20 million so far in Romania and will continue to invest in the upcoming years,” said company administrator Suleyman Islambay.
The financing was obtained with assistance from REI Finance Advisors, one of the most dynamic local consultancy company specialized in non-reimbursable funding.
Sterk Plast started an ample investment project in 2015 in a new factory in Medgidia, Constanta, which became operational in 2018. The company has over 450 employees and had a turnover of around EUR27 million in 2020.