“The decline was mainly due to the personnel fluctuations and the instability of labor on the one hand, and to the decline of the construction market, on the other. Under the circumstances, the company decided in mid last year to take fewer new contracts and focus on the work it already had,” says CON-A owner Mircea Bulboaca.
The company is currently working, among others, on the plant that will make capsules for IQOS devices, developed by Philip Morris, and the irrigation solutions plant developed by Germany’s B Braun in Sanandrei near Timisoara. Each of two is an over EUR100 million investment.
(English version by Loredana Fratila-Cristescu)