Expansion of EUR 22 million: Thimm invests in its Romanian site with a huge expansion of its production capacities
News | 01.09.2022
By 2025 packaging manufacturer Thimm will be investing EUR 22 million in its Romanian packaging plant in Sibiu. This represents a huge expansion of its production capacities at the site. Investments will be made in new software, the expansion of storage areas for finished goods and paper rolls, larger office premises and new further processing machines. The financing of the machines is being supported by the MINISTRY OF FINANCE Directorate General for State Support with a financing amount of EUR 6.3 million.
The Romanian site at Sibiu, which produces sustainable corrugated cardboard packaging for the international branded goods industry, has been part of Thimm Group, headquartered in Northeim, Germany since 2006. The first upgrading measures of the EUR 22 million investment package will begin in early 2023. Michael Weber, Corporate Strategy + Marketing Manager at Thimm Group explains: “Most of the planned investments will go towards the acquisition of five new further processing machines. This part of the investment project totals around EUR 16 million.” The purchase of machinery has been subsidised by funds from the Ministry of Finance, with a total subsidy amount of EUR 6.3 million. “We are very pleased with the state support as this will enable us to accelerate our development strategy even more and also ensure the future viability of our site in Sibiu by creating further production capacities.”
Sibiu is a strategically important site for the packaging producer given that it serves customers in Central and Eastern European markets. “The requirements and the demand in the market have increased sharply. The expansion of the site and the investment in new, modern machines are the logical consequence. The focus is clearly on the requirements of our customers,” emphasises Weber. The Sibiu plant launched the expansion of the plant four years ago with the installation of a new corrugator. This was followed in 2021 with the commissioning of a modern flexo printing machine – a further investment designed to increase the capacity of high-quality corrugated cardboard direct printing in the market. “The factory employs just under 300 people, the majority of whom work in production. The expansion will create further jobs for the people in the region who can work on state-of-the-art machines with a high level of occupational safety,” concludes Weber.
Do you have any questions?
Denise Hoffmann
Expert Corporate Communications
+49 5551 703 802
denise.hoffmann@thimm.de