Aversa Manufacturing’s head Michael Topolinski said in a statement that the company’s clients, management and staff contributed to the continuous growth of the business which became profitable in July.
According to the statement, Aversa Manufacturing has to meet orders worth 42 million lei (EUR9.5 million).
The company plans to invest RON65 million (EUR15 million) in a new factory in capital Bucharest, but halted its investment plans due to a lawsuit filed by Romania’s privatization authority AAAS.
AAAS took legal action against the consortium that acquired Aversa through auction, citing the latter’s failure to meet the requirements stipulated in the taskbook. According to Topolinski, two weeks after the consortium won the auction, AAAS urged the auction winner to accept a private partner, but the latter refused to be intimidated.
In 2013, Blue Diamond Estate, controlled by Topolinski, in association with Autoplast Engineering, won the tender for the privatization of Aversa. Buyers paid EUR17.3 million at that time and undertook to keep making pumps for the next three years.