“The company’s insolvency occurred against the backdrop of delays in starting off some construction projects and of the impact of foreclosure procedures set off by suppliers”, CITR said in a statement.
In 2017 – the last year for which data are available, Delta ACM’s turnover reached RON254.1 million, according to Finance Ministry data. Delta ACM had a profit of RON1.8 million and an average number of employees of 512 in 2017.
Delta ACM, one of the largest Romanian construction companies, was established in 1993 and some of its most important contracts target construction works on the subway line connecting the western Bucharest district of Drumul Taberei to the city center and a highway in Iraq.
Delta ACM owns seven production capacities where it manufactures different types of concrete, two prefabricated product factories, a bitumen plant, an ironworks plant and several asphalt plants, company data also show.
In 2013, Delta ACM 93 had won two contracts worth nearly EUR70 million for the construction of 2,750 social housing units in Tebessa and El Bayadh localities in Algeria.