What we do
Coronavirus pandemic: The EIB Group’s initiatives to address the economic consequences of the crisis
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

Pop Industry: European scale-up

image

Dan Popescu founded Pop Industries in 1994. The company, located in Slatina, Romania, specialises in the production of trailers and containers. “We gathered all the right ingredients from the start – a good working attitude, high production capacity… but success didn’t come straight away. I had studied at the polytechnic school and I had never taken a business class. I didn’t know anything about business plans or marketing so I’ve had to learn it all step by step,” says Dan. “Also, the 1990s was a period of uncertainty for many Romanian businesses and nobody knew what would result from the wave of privatisation, so it was tough to develop solid trade relations with our European counterparts.”

Once Dan learned the ropes, there has been no looking back and Pop Industry has since gone from strength to strength, developing new types of trailers and containers that can stand the test of time. “Older containers didn’t last very long and companies had to spend a lot of money buying new ones every couple of years,“ explains Dan, “We researched on the qualities and usability of various chemical elements and discovered a process through which metallic and non-metallic elements could extend the life and resistance of materials. Our new, long-lasting containers significantly boosted our sales,” explains Dan.

Success and scaling up comes with challenges of its own however. “With an increase in the orders, we need larger amounts of materials, which generates a cashflow issue,” he says. Thanks to an EU-guaranteed loan from Banca Comerciala Romana, backed by the EIF, Pop Industry was able to solve this problem and secure the supplies of the necessary materials. “Had it not been for the EU’s help, we wouldn’t have been able to meet our demands and keep the business going,” he adds.

One SME at a time, the EU’s support starts to become widely noticeable. “Romania is an economically proactive country with many rich ideas, but young people are discouraged by the lack of available capital and investment opportunities. However, thanks to the EU, we are seeing more SMEs created and stronger connections between Romanian businesses and Western Europe,” adds Dan, “In our company, the results are already visible. For example, whilst Romania isn’t located in a geographically advantageous location to transport goods by road, more and more businesses in Germany, France, Switzerland and the UK are willing to go through this hassle to purchase our products. Today we sell half of our trailers outside Romania. This has given us confidence to further internationalise Pop Industry and trade with North America and South America.”

Company: Pop Industry (Romania)

Type of business: manufacturing

EIF financing: SME Initiative Romania

Financial intermediary: Banca Comerciala Romana

For further information about EIF intermediaries in Romania, please refer to: http://www.eif.org/what_we_do/where/ro/index.htm

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2020 – The European Investment Fund is not responsible for the content of external internet sites.