The packaging manufacturer Electric from Focşani, eastern Romania, reportedly plans to invest EUR 20 mln in a trash bags production facility, for which it is looking for a partner, according to Ziarul Financiar. The Buzăianu family owns the company.

It is not clear whether the production line would be dedicated to compostable bags.

"We want to bring a partner in the company's ownership structure, an investment fund. We held discussions to sell a minority stake. We plan to build a factory of garbage bags, an investment estimated at EUR 20 mln. By 2025, we want to build this new factory in Focşani", Cosmin Buzăianu, a shareholder of Electric Srl, told Ziarul Financiar.

The size of the investment is very large compared to other similar investments carried out by Teraplast and Promateris.

andrei@romania-insider.com

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