Plastipak boss: Before the crisis, Romania outpaced even China

American-born William Young, owner and CEO of Plastipak, with 2 billion dollars in annual turnover, one of the leading suppliers of giant P&G, says he expects Romania to remain the fastest growing Eastern European market after the global economy emerges from the crisis. “It is true that the market needs time to recover, maybe 1-2 years. If Romania returns even to half the growth rate of the last five years, all will be well for us,” Young said. Plastipak on Monday started construction of its first Romanian plant, in Urlati (Prahova county) in the same industrial park where P&G is building its shampoo plant. William Young also says he has been keeping an eye on the Romanian market for the last few years, attracted by the high growth rates of the Romanian economy. “I think at some point, before the crisis broke out, Romania had become even more dynamic than China.”