24Oct
30Aug
Alarm signal from a large Romanian manufacturer. Cristian Covaciu, IPEC Alba Iulia: We are thinking of moving the company entirely to another country
Alarm signal from a large Romanian manufacturer. Cristian Covaciu, IPEC Alba Iulia: We are thinking of moving the company entirely to another country. We do not know what will happen after March 2025 when the energy market is liberalized. Energy suppliers do not make offers,...
02Jul
The profit of the IPEC Alba Iulia porcelain manufacturer, controlled by the Covaciu family, increased 2.4 times in 2023, reaching almost 4 million RON, with a turnover of 143 million RON
The company IPEC (Întreprindea de Porţelan Elena Covaciu), owned by the Covaciu family, one of the main suppliers of IKEA on the local market, completed the year 2023 with a net profit of almost 4 million RON (892,000 euros), 2.4 times higher than the previous...
05Apr
IPEC Alba Iulia porcelain manufacturer, controlled by the Covaciu family, has budgeted over 33 million euros for its business for 2024
The company IPEC, owned by the Covaciu family, one of the main IKEA suppliers on the local market, estimates for 2024 business of over 33 million euros, up 15% compared to last year, according to ZF calculations on based on the data provided by the...
08Jan
Forbes Business Awards 2023: Cristian Covaciu, Director General of IPEC
IPEC, Alba Iulia, was founded in 1990 by the Covaciu family, and today it is one of the largest producers of porcelain plates in Europe. The entrepreneur comes from a family that has worked for several decades in the field of porcelain. Cristian Covaciu proposed to...
23Oct
IPEC and IKEA are building in Alba Iulia, the largest cup factory in Europe. What the Minister of Finance says about the investment
Marcel Boloș, the Minister of Finance, said that the Romanian Government supports the construction of a cup factory in the city, by the IPEC company. It would be the largest cup factory in Europe, a project in partnership with IKEA. Moreover, Minister Boloș stated that he came...
09Oct
IPEC Alba Iulia, 10 million euro investment in one of the largest cup factories on the continent
IPEC Alba Iulia, investment of 10 million euros in one of the largest cup factories on the continent
IPEC Alba Iulia, one of the largest producers of porcelain plates in Europe, invests 10 million euros in one of the largest cup factories on the continent. The business...
06Oct
IPEC intends to build a new factory in Alba Iulia. It will be equipped with the most modern technology worldwide
The management of IPEC Alba Iulia is in advanced discussions regarding the construction of a cup factory in the city. If the project becomes a reality, the cup factory would be the most modern in the world. It would be an investment of over 10...
07Sep
How did the business of a family from Alba reach profits of over tens of millions of €? They produce more than 50 million pieces of porcelain annually
The IPEC company, led by the Covaciu family from Alba and one of the key suppliers for IKEA on the local market, recorded a remarkable evolution in 2022. The company IPEC (Întreprindeea de Porţelan Elena Covaciu), owned by the Covaciu family, one of the main IKEA...
01Sep