How EFSI benefits SMEs in Europe - Slovenski Podjetniški Sklad case study: Jamnik (Slovenia), printed packaging

Jamnik was founded in 1988, when they started making die-cut packaging of corrugated board in a small workshop in Pirniče, soon growing and moving in 1995 to a new production hall in Medvode.

Gradually they developed technological and professional expertise in the construction of the most demanding types of printed packaging with UV varnish, hot foil print, plastification, embossing, window patching and multi-point gluing. By 2006 they had moved to a new location in the industrial zone of Medvode and modernized their premises with the state-of-the-art machinery for offset printing and a new gluing line.

As Jamnik continues to grow, they turned to Slovenski Podjetniški Sklad (Slovene Enterprise Fund – SEF) in order to seek financial support to purchase new technological equipment (7-colour offset printing machine). As Ms. Polona Dolenec, company director, explains, “The investment was necessary due to the fact that we couldn’t complete all orders in-house anymore with the existing printing machinery. The purchase with SEF's guarantee reduced financing costs and thereby contributed to improvement of the company’s competitiveness in the very demanding and ever more competitive market of offset-printed packaging.”

Jamnik’s aim is to become the biggest producer of laminated packaging in Slovenia and increase its share of the printed packaging market in Europe.

The loan received by Jamnik, guaranteed by SEF and backed by EIF and the Investment Plan for Europe has allowed the company to move in this direction by increasing productivity by around 16% per employee.

The Investment Plan for Europe is the EU initiative aiming at generating new investments by supporting small and medium-sized enterprises across Europe.

Company: Jamnik (Slovenia)

Type of business: Manufacturing; Printed packaging

EIF financing: COSME LGF, EFSI

Financial intermediary: Slovenski Podjetniški Sklad (SEF)

For further information about EIF intermediaries in Slovenia, please refer to: http://www.eif.org/what_we_do/where/sl