Cameron estimates USD 200 mln turnover at Ploiesti plant in first year

Newsroom 19/10/2009 | 15:20

Cameron invested USD 80 million in this production unit, a sum it expects to recover in three to four years. The Ploiesti plant has created 300 jobs, of which 120 are already filled. The American company has been present on the local market since 2004, when it took over Sterom Campina, which last year reported a USD 201 million turnover and USD 21 million net profit. According to Marius Tripsa, Cameron Romania GM, several countries competed with Romania for the new production facility in Ploiesti, but certain factors had tipped the balance in favor of Ploiesti. “In Romania we've registered very good results at Sterom. We knew we had a very good workforce from which we could choose our future employees, and the local authorities were on our side. Since 2004, when we took over Sterom, we've brought in around USD 40 million and the productivity of the 850 employees we have has tripled during this period,” said Tripsa.Cameron officials announced that the old plant in Campina would not be closed in the wake of the investment in Ploiesti, because the two production facilities are complementary.
Dana Ciuraru

BR Magazine | Latest Issue

Download PDF: Business Review Magazine November 2023 Issue

The November 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mastercard On a Mission to Build an Inclusive Digital Economy”. To
Newsroom | 27/11/2023 | 17:41
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue