Moncler has hired around 600 people for the factory it is establishing in Romania, in the Bac?u county, via its local subsidiary Yield Industries. The move is part of a wider plan to expand the company's capacity to make down jackets in-house, while further consolidating its know-how in down jackets.
It will be the second factory in Romania for the Italian skiwear and lifestyle brand, adding to the former garment factory of Dialma in the village of S?rata, which Moncler took over in August last year.
That first acquisition has already been described by Moncler as the first step in a strategy to integrate the supply chain and to bring in-house some of the production. Dialma already produced garments for Moncler, and until the takeover, the clothes made for the brand in Romania had been manufactured in collaboration with local subcontractors based on a Lohn production system.
Moncler expects to invest around €5 million in the new Romanian factory over the coming months, installing modern industrial and manufacturing technology. The company invested €1.5 million in its first Romanian manufacturing facility last year.
Moncler posted consolidated sales of €880.4 million for the year ended Dec. 31, 2015, up by 27 percent in euros and by 19 percent at constant exchange rates. On a same-store basis, retail sales at its corporate stores grew by 6 percent. The net profit reached €168 million, marking a 29 percent increase against 2014.