Manufacturer Inovalabel to expand with a new hall

Iași-based label manufacturer Inovalabel will invest over EUR 3 million by the end of the year in new production equipment and technologies and will build a new hall, by 2027 at the latest, with which it will double its current production space.

“Since moving to the new factory in 2019, we have ensured that we will have enough land to expand the production space with two more halls the size of the existing one. Therefore, the medium and long-term plans are to triple the current production space and, obviously, the turnover,” said Emanuel Constantin, the company’s general manager.

In 2024, for the 15th consecutive year, the company recorded an increase in turnover, according to the budgeted plan, to EUR 16 million.
Inovalabel's clients come from the food, cosmetics, pharmaceutical, beverage, chemical, automotive and other industries.

Source: Profit.ro