Austrian Constantia Flexibles shuts down its factory near Bucharest due to losses

Austria-headquartered Constantia Flexibles, manufacturer of flexible packaging products and labels, whose clients include Coca Cola, Pepsi, Sanofi, Danone, Nestle or Carlsberg, put the lock on its factory near Bucharest, where 90 employees are working. The shut down process is expected to be completed by July.

“Constantia Flexibles does not leave Romania for good, but closes the packaging factory in Bucharest. We still have a unit in Cluj Napoca – Novis Publishing and Printing House. We have made significant investments in the unit in Bucharest, but unfortunately we continued to register losses and in the end, it was decided to shut down this facility. There were issues related to productivity,” Daniel Smith, company spokesman, stated.

After the factory closure, the packaging for group’s customers in Romania will be manufactured in the units in Germany, Turkey and Poland.

In 2015, Constantia Flexibles plant near Bucharest recorded losses of RON 9.9 million, for a turnover of RON 47.7 million. In previous years, the factory results were: RON 6 million losses in 2014, RON 2.7 million in 2013, profit of RON 873,661 in 2012, losses of RON 2.1 million in 2011

Constantia Flexibles Group is a leading packaging manufacturer worldwide with over 10,000 employees in 56 factories from 24 countries.

This comes after Alison Hayes, the largest textile manufacturer in Romania by turnover in 2015, decided to close down the plant in Urziceni.