Germans invest 10m euros in cardboard

The THIMM group, one of the leading suppliers of packaging materials on the German market, will invest 10 million euros in building a plant, which manufactures corrugated cardboard in Sura Mica, Sibiu county. The project will be conducted over a five-year period. In the first stage, 3.5 million euros will be allocated to erect a 3,000-square metre plant and 500 square metres of office space. The group plans production to start in the fourth quarter of this year. In the second stage the production space will reach 10,000 square metres. “By expanding to Romania, we are following in the footsteps of companies that have their production facilities in Eastern European countries. We are not using this commitment to Romania to make layoffs in Germany,” stated Mathias Schliep, chairman of THIMM. He added that an argument in favour of the new location is the local economic situation, with Romania witnessing “above-the-average growth”. “Given that we are talking about a population of 21.7 million inhabitants, we feel it has high potential for the years to come. The central position that Sibiu has from a geographical point of view, as well as its infrastructure make it a favourable location for production of packaging material,” the THIMM official added. ZF