www.gandul.ro/financiar/istoria-sidex-galati-decli

Sidex Galați, once a leading steel producer in Romania, faced significant decline post-1989 due to economic changes and mismanagement. Originally established in 1961, it thrived by supplying various industries and infrastructure projects. However, after the fall of communism, it struggled with market competition, debt, and a lack of experience in commerce. The combination of currency depreciation and loss of traditional markets led to a drastic reduction in production and workforce. Despite its historical importance, Sidex's inability to adapt to a market economy resulted in its downfall, reflecting broader challenges in Romania's industrial sector.