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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian plastic goods producer Sterk Plast gets EUR 2.5 mln state aid for expansion

Sterk Plast, a major Romanian producer of plastics manufactured goods located in Constanta county, was extended a EUR 2.5 million state aid to partly finance a EUR 5 mln project to expand its new factory located in Medgidia, Ziarul Financiar reported.

The money will be used for purchasing new equipment that will increase the capacity and broaden the portfolio of products.

Higher production capacity will result in more exports, estimated for this year at 40% of the total sales and directed to markets such as Bulgaria, Germany, Great Britain, Greece, Hungary, Poland, Moldova, Ukraine, or Russia. Sterk Plast's total investments in Romania so far amount to over EUR 20 mln and will continue growing in the coming years," said Suleyman Islambay, Sterk Plast administrator.

Sterk Plast SRL, founded in 2000, in Constanta, by two entrepreneurs of Turkish origin, is specialized in the production of plastic goods. It started in 2015 a large investment project in a new factory with an area of over 42,000 square meters in Medgidia, Constanta County.

The factory became operational in 2018. The company has over 450 employees and reported a turnover of about EUR 27 mln in 2020.

(Photo: Shutterstock)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian plastic goods producer Sterk Plast gets EUR 2.5 mln state aid for expansion

Sterk Plast, a major Romanian producer of plastics manufactured goods located in Constanta county, was extended a EUR 2.5 million state aid to partly finance a EUR 5 mln project to expand its new factory located in Medgidia, Ziarul Financiar reported.

The money will be used for purchasing new equipment that will increase the capacity and broaden the portfolio of products.

Higher production capacity will result in more exports, estimated for this year at 40% of the total sales and directed to markets such as Bulgaria, Germany, Great Britain, Greece, Hungary, Poland, Moldova, Ukraine, or Russia. Sterk Plast's total investments in Romania so far amount to over EUR 20 mln and will continue growing in the coming years," said Suleyman Islambay, Sterk Plast administrator.

Sterk Plast SRL, founded in 2000, in Constanta, by two entrepreneurs of Turkish origin, is specialized in the production of plastic goods. It started in 2015 a large investment project in a new factory with an area of over 42,000 square meters in Medgidia, Constanta County.

The factory became operational in 2018. The company has over 450 employees and reported a turnover of about EUR 27 mln in 2020.

(Photo: Shutterstock)

andrei@romania-insider.com

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