REI Group has commenced construction on its first production facility – a modern paper packaging plant in Călan, Hunedoara County.
The project, executed through REI INTERNATIONAL CONSULTING S.R.L., involves the construction of a modern kraft paper bag manufacturing plant in Călan, Hunedoara County. The total value of the investment exceeds EUR 2.5 million, of which 61.98% represents non-reimbursable financing secured through the Regional Development and Just Transition Program.
“After more than 15 years of helping hundreds of companies expand through non-reimbursable funding, the time has come to put our expertise into practice as investors in local manufacturing. The decision to invest in this new production line follows a thorough analysis of the Romanian paper packaging market and our country’s strategic positioning at the European level, offering high potential to serve both local customers and export markets – where recent years have shown even stronger demand growth. We are pleased to have secured the necessary financing – an investment loan alongside non-reimbursable funding obtained through the Sustainable Development and Just Transition Program – and we are confident we will complete construction on schedule and launch production for our future clients”, Roxana Mircea, Managing Partner of REI Grup stated.
Construction works on the new production unit commenced in the second half of this year, with completion scheduled for the first half of next year.