The company is controlled by businessmen Corneliu and Adrian Bodea.
“We are negotiating contracts in China, the United States and South America, which have great potential in the metallurgy applications sector thanks to low energy prices,” Adrem Invest vice-president Corneliu Bodea said.
The company said recently it signed a $13 million contract to upgrade production units of Uzbek Mettalurgical Plant.
Adrem Invest inked three contracts worth a total of EUR13 million with Baoutou Iron & Steel in China and a EUR2.5 million contract with Hyundai Steel in Korea.
The company registered turnover of EUR39 million in 2012 and hired 130 more people in the first half of 2013. It currently employs about 960 people and plans to increase its staff to over 1,000 employees by the end of the year.
In the first half of 2013 Adrem’s turnover climbed 27% on the year to 85.6 million lei (EUR19.4 million).
The company said it might offer energy efficiency solutions to steelmaker ArcelorMittal and negotiations are underway.
Adrem Invest is also involved in several power production projects. “We own a 9-megawatt solar power project in Buzau which we might sell,” Bodea said.
Adrem is also developing a EUR90 million project to build a power production unit using biomass in Suceava.