German-held STI Group, with 260 million euros in yearlyturnover, started packaging production last month at the group'sfirst production facility in Romania, located in Cluj-Napoca.
The 2,000 square-metre packaging plant makes various types offolding boxes and is STI Group's thirteenth production facility,according to information on the company's website.
German group STI has been present in Romania since the end of2008 through STI Packaging Ro, which opened a consulting and designoffice in Cluj last year. STI Packaging Ro currently has 30employees and intends to hire more staff for the new packagingplant in Cluj.
STI Packaging Ro representatives did not specify the value ofthe investment or the production capacity of the Cluj facility.According to ZF estimates made halfway through 2008, when theinvestment was announced, such a project, which operates cardboardproduction or processing equipment, amounts to around 10 millioneuros.
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