The company posted RON163.9 million (EUR34 million) revenue last year, about 4% lower than in 2019, ZF has calculated from Finance Ministry data.
Croco, held by entrepreneur Damian Mereu, had 386 employees on average last year. It completed a EUR6 million investment in boosting production capacity and diversifying the product range and hired 60 people.
The capacity Croco added in 2020 will lead to a production worth EUR15 million a year, which will boost revenue.
(English version by Loredana Fratila-Cristescu)