“EximBank and Astra Vagoane Calatori signed a financial agreement, which gives the company a multiproduct funding cap of EUR10 million,” Eximbank officials said.
The railroad car maker in Arad (western Romania), owned by businessman Valer Blidar, has almost 800 employees and has won contracts to export its products to the Czech Republic and Brazil in the last few years, which brought its sales back to growth.
Astra Vagoane Calatori posted almost 180 million lei (EUR41 million) revenue in 2013, more than three times and a half higher than in 2012, and a 25% profit margin (more than EUR10 million net profit).
Businessman Valer Blidar could not be reached for comment.
(English version by Loredana Fratila-Cristescu)