The Romanian textile industry was intensively challenged during the post-communist era but still promises to deliver solutions for entrepreneurs interested to explore a highly provocative field.
Certainly one of the most controversial branches of the Romanian industry, the textile manufacturing area went through various stages during the post-communist era. In spite of its period of decay, this field always provided a range of solutions which, if properly approached, managed to deliver profits in a rather unexpected way. A long-term tradition in the Romanian textile milieu was represented by the research area, consistently developed before the fall of the communist regime. Providing a substantial background for a lucrative evolution, scientific studies maintained a highly competitive mood. This detail explains the surprising aptitude of this domain to adapt to inconvenient conditions, so common for a transition period which progressively altered industries. During the harsh times of the European recession, the labor force in this industry was reduced but the production rate increased from 3.12 billion EUR in 2009 to 4.37 billion EUR in 2012. This actually covers three percents of the GDP placing the Romanian textile industry in a favorable position.
Various famous brands such as Armani or Prada decided to produce their products (clothes, shoes or accessories) in Romania. For 2012, the ten most important local textile producers managed to obtain revenues of more than a half billion EUR. Factories are located in different areas and if willing to understand how to start a textile mill in Romania entrepreneurs shall turn to advantage several production characteristics related to proximity to western markets, qualified personnel or low cost labor force. Another important fact concerns the opportunities provided by the alternative of capitalizing the seasonal crops like flax or hemp or raw wool.
Technical legal details related to the incorporating process itself are not of intricate significance but rather concern a bureaucratic apparatus adapted to this specific industry field. First of all, as anticipated, the business approach must indicate the NACE codes which define the object of activity. A difference should be made between various processes such as the preparation of the fiber, production and finishing of textiles, manufacture of knitted items, rugs, carpets, distinct non-woven items. The manufacturing of wearing apparel covers the leather clothes, workwear and items made of fur. As it generally happens for most of the sectors, in the textile industry certain permits must be obtained, according to specific activities. Procedures imposed in this particular case are not as elaborate as in other areas but benefitting from constant professional help delivers solutions and alternatives. It is also a way of securing your investment. A strict evaluation of the business project, the importance of going through all the stages of the incorporating phases, understanding the overall procedures after the company was established – these are all essential features which guarantee success. Our team is available for providing any additional details regarding the topic above and the necessary assistance if interested to incorporate in this domain.