Bucharest, 17 May 2017 – Romcarton S.A., a company member of Rossmann Group, one of the European leaders in manufacturing corrugated cardboard packages, has contracted from Banca Comerciala Romana an investment credit in amount of EUR 23.4 million.
The credit facility was approved in the beginning of March and it is used to build a corrugated cardboard factory in Popesti-Leordeni, Ilfov County, which shall occupy 3.4 hectares. The project shall be completed until the end of 2017, the total investment amounting EUR 27.5 million.
“It is a moment of reference in the evolution of our group in Romania; building a larger new factory with optimized premises around the technological flows, installing modern equipment and, implicitly, obtaining an improved working environment. We make a natural step in our development, which will determine the increase of satisfaction of our customers proportional to the improvement of the quality of the supplied products and services”, said Paul-Henri Kohler, General Manager of Rossmann Romania Group.
“Romania needs such projects, which confirm the trust of investors in the local industry and in the development potential of the Romanian economy. We are ready to offer support and expertise to any initiative intended to contribute to the increase of competitiveness and sustainable development of economy”, said Catalina Porojan, CEO of Group Large Corporate BCR
Romcarton S.A. is the first producer of corrugated cardboard packages from Romania, with an experience of almost 30 years in the industry, and the clients of the company are from the food and daily consumer goods industry. The company is part of Rossmann European Group, which also holds in Romania Ambro Factory from Suceava. At global level, Rossmann operates 25 factories, of which 22 in Europe and 3 in Africa, with a production capacity of 500,000 tons of corrugated cardboard and 300,000 tons of paper.
Banca Comerciala Romana (BCR), a member of Erste Group, is the most important financial group in Romania, including operations of universal bank (retail, corporate & investment banking, treasury and capital markets), as well as specialized companies on the leasing market, private pensions, housing banks and banking services. BCR is No. 1 bank in Romania on the assets value (over EUR 14.8 billion), No. 1 Bank by number of clients and No. 1 bank by savings and financing segments. BCR is the most valuable financial brand from Romania, considering the degree of trust of the clients and the number of people for whom BCR is the main banking institution.
BCR offers a complete range of products and financial services through a network of 22 business centres and 18 mobile offices for companies and 513 retail units located in major cities across the country with over 10,000 inhabitants. BCR is the No. 1 bank in Romania on the bank transaction market, BCR clients having available the largest national network of ATMs – over 2,000 ATMs and POSs – over 15,200 card payment terminals to merchants, as well as full service Internet banking, Mobile Banking, Phone-banking and E-commerce.
Erste Group is one of the main financial service providers from the Eastern European Union. 46,700 employees serve 15.9 million clients in 2,700 branches from 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia). At the end of the third trimester of 2016, Erste Group had total assets in amount of EUR 206.8 billion, a net profit of EUR 1.18 billion, and also 1st rank common capital index (Basel 3 fully integrated) of 13.2%.
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