The loan carries a guarantee issued by EximBank within the COVID 19 state aid scheme which covers 90% of the loan.
RAAL Bistrita exports almost its entire production. Its products are used in the agricultural machinery, construction machinery, mining equipment and automotive industries.
RAAL’s customers include, among others, John Deere, Class, AGCO, Friulair, BRP Rotax, JCB, Ingersoll Rand, Linde, Parker, Mikropor, Van Hool, Voith, ABB, Tobrocco, Himoinsa, Manitou, Novetec, Carrier, Liebherr, Kaiser, Continental Germany and France’s Renault Truck Defence, in line with data previously provided by the company.
Seven years ago, RAAL opened an almost 6,000-square meter facility for the manufacturing of metallic structures, in Prundu Bargaului (Bistrita-Nasaud County), following an investment of approximately EUR12 million.
RAAL ended 2021 with a turnover of RON322.9 million (EUR65.6 million), up 26% from 2020, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data. The company switched to profit in 2021, with a net result of RON13 million (EUR2.6 million), from loss of RON39.2 million (EUR8.1 million) in 2020, as per public data. RAAL reached on average 2,045 employees in 2021, 312 more than in 2020.