The three plants, which take up 357,000 square meters, have a production capacity of 5,000 freight cars a year, the highest in Europe, Astra Rail website reads.
The company’s net profit dropped slightly from RON57 million in 2015 to RON54 million in 2016, according to publicly available data. The rolling stock manufacturer had 2,470 employees last year.
Astra Rail experienced highs and lows, from insolvency, massive layoffs and default on debts to contracts for 2,000 freight cars in Europe. German investor Thomas Manns acquired the plants in 2012, turned them around and last year sold the majority stake to US-held Greenbrier.
(English version by Loredana Fratila-Cristescu)