Cristian Covaciu (IPEC) to represent Romania at EY World Entrepreneur of The Year 2017
The seventeenth edition of the EY World Entrepreneur of the Year starts today in Monte Carlo and will end on June 11, 2017. 59 qualified entrepreneurs from 49 countries will compete for the grand prize to be announced at the ceremony held on June 10. 2017-06-07 12:05:55
Romania will be represented by Cristian Covaciu, CEO of IPEC, the winner of EY Entrepreneur of the Year 2016 in Romania. "I go to Monte Carlo confidently and with the desire to prove that Romanian entrepreneurship can compete with the representatives of countries with a long tradition," said Cristian Covaciu.
Cristian Covaciu has led IPEC, one of the leaders in European stoneware production, for 27 years. Originally a small family business, today IPEC has annual revenue of 22 million Euro, 800 employees and 250 industrial robots.
IPEC started out producing ornamental and decorative products in small quantities for the domestic market. In 1996 the company began producing items for IKEA, leading to mass production with modern machinery and trading on foreign markets.
IPEC uses some of the most advanced production technologies in its field, with unique technical developments like the isostatic pressing of a cup with its handle. IPEC develops more than 200 new products and 40 million individual pieces every year.
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