Financial results show that it is possible for a firm that has operated for 3 years in the industry of film and flexible packaging to derive a turnover worth 530,000 euros, provided it has a clearly devised investment strategy and a thorough development plan.
"We had a great deal of experience in plastics production when I first started the business. Because of economic conditions, the firm we originally worked for went bankrupt. However, we didn't manage to find another job in the plastics industry and didn't have any experience in any other sectors, so the only option we had left was to set up our own firm," recount Stela Dulgheru and Bogdan Radu, partners in Simco Prodplast 2000, based in Pitesti.
It took the two individuals only 10 days to set up the company and in early 2004 the firm began manufacturing plastics, namely film and flexible packaging made from low and high-density polyethylene film and BOPP.
The first clients were individuals and companies known to the two entrepreneurs. Initially, the range of products offered was limited, whilst the first individuals employed were the company's shareholders. For more than 12 months the two shareholders handled all the firm's activities, but eventually employed a staff of 12.
To begin with banks were unwilling to grant a loan for investments in equipment; therefore in order to develop the firm investments were made in small steps. Around 7-8 months after the firm was formed, the opportunity arose to acquire the first film processing equipment, which resulted in higher productivity and the expansion of the product range and allowed the firm's to meet delivery deadlines.
Simco Prodplast 2000 now boasts customers from all several economic sectors within its portfolio. The company's openness to new partnerships has allowed it to produce specialised packaging for industrial companies, whic
