Investment & Fund Management
backed by the European Investment
Full Credential Description
Reproflex, an international company based in Romania that specializes in manufacturing labels for packages, faced significant challenges in establishing a competitive business in the printing industry. The founder, Jeno Vancsa, identified a gap in productivity and quality during his previous employment and sought to create a company that could outperform competitors. However, he encountered hurdles in securing credibility with banks, clients, and potential employees. To attract top talent, he needed to offer competitive salaries, and to convince banks of the company's viability, he had to demonstrate that Reproflex was financially sustainable and capable of repaying loans.
In 2017, Reproflex required a loan to invest in high-tech machinery essential for their operations. They secured an EU-guaranteed loan from ProCredit Bank, backed by the European Investment Fund (EIF), which provided favorable conditions tailored for manufacturing businesses. This financial support enabled Reproflex to scale up its operations effectively, resulting in the creation of five new jobs. Within fifteen years of its establishment, Reproflex has successfully expanded its presence across Europe, establishing partnerships and client relationships in countries such as France, Italy, and the Netherlands.