Plastipak starts construction of first factory in Romania
The investment of Plastipak in Urlati has been attracted by Procter and Gamble, that has started here, since Feb, the construction of its biggest factory of shampoos, which will involve total investment worth 100 million dollars.
So, the industrial park in Urlati, which is the expansion of the industrial park in Ploiesti, has been covered, in its entirety, by the two US companies.
Plastipak has investment plans of 500 mil euros in this factory, which is to be developed in several stages on an area of eight ha, according to the local authorities.
The representatives of Plastipak have said that the first stage of the project will be finalized next year, but they have not yet confirmed the value of the investments in Urlati.
This will be the fourth production unit of Plastipak in Europe. Plastipak will mainly produce for Procter&Gamble in its factory in Romania.
The investment of the two US Procter&Gamble companies and Plastipak in Urlati come in a difficult economic context at international level, with the big markets in Europe reporting a decline in the sale of consumer goods now.
At local level, the players in the market are speaking of falls in sales on the non-food segment of the consumer goods sector, but there are no concrete data showing how much the decline is.
Many companies have postponed their investment projects in additional production capacities until the economic redress.
At local level, P&G is the biggest player in the industry of non-food consumer goods, with annual sales worth 315 mil euros.
The company is holding a factory in Timisoara now, where it is producing detergents such as Ariel, Tide, Bonux or Ace bleaching.
The Americans have recently increased the nominal capital of Detergenti SA factory based in Timisoara by some 32 mil euros, in order to finance the investment in Urlati.