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Sterk Plast to get 2,5 million euros in state aid for expansion

REI Finance Advisors has successfully brokered 2,5 million euros in state aid for Sterk Plast, part of a 5 million euro investment project.

The project aims to expand the production capacity of the Sterk Plast factory in Medgidia. The state aid will provide 50% of the investment project.

Sterk Plast, a company specialized in plastic production, started a large investment project  in 2015 in a new plant located in Medgidia, Constanta County, with an area of over 42,000 sqm.

In 2018, it became operational. The company employs over 450 people and had a turnover of about 27 million euros in 2020.