Somaco Group reports RON 50 mln turnover for 2009
Somaco Group has announced a RON 50 million turnover for last year, and the end of the first RON 10 million investment stage of modernizing and upgrading the group’s three plants.
“We have made these investments to keep our products competitive and to increase our market share. The advantage of investments made in a crisis period is that the price of equipment is much lower, and we can afford to upgrade technologically much faster,” said Gabriel Colobatiu, general manager of Somaco Grup Prefabricate.
The company plans to achieve a 10 percent increase in BCA sales and a 30 percent rise in prefab sales.
Somaco Group includes three plants bought by investment fund Oresa Ventures through its subsidiary Sonriso Investments in 2008, in a EUR 32.5 million transaction.
Write a comment
Interview
Lady in red has nose for wine market
Winemaking has proved a profitable business for Romanian entrepreneurs despite the market decreases in the past couple of years. Aurelia Visinescu, an award-winning Romanian oenologist and managing director of Domeniile Sahateni, told BR what it is like to sell Romanian premium wine in China and shared her opinions on whether 2012 will be more of a vintage year for the local market.
Simona Bazavan
Read MoreBusiness Blogs
New Europe
Hungary PM Sees Tough Future Ahead, Blames Heritage
Hungarian Prime Minister Viktor Orban discussed economic and political issues in his traditional state of the nation address.
Brussels blog
[UPDATED] On Greece, a commission cacophony
[UPDATE 2] Dutch finance minister Jan Kees de Jager was asked about Kroes’ comments during the government’s regular parliamentary question...
Comments (0)
Views (268)
There are no comments to this article. Be the first to write a comment