The company, which is controlled by local businessman Mircea Bulboaca, generated revenue of RON237 million (EUR53.3 million) last year.
“In our estimates, we count on market growth signals, felt ever since late 2014. While signals are diverging, we expect an increase of around 5% on our segment of industrial and civil constructions,” Mircea Bulboaca, CON-A owner, told ZF Transilvania.
He added the company has more works contracted than in the year-earlier period. Most construction works carried out by the company are for multinationals.
“Referring to our own projects, we plan to operate a series of investments to expand existent production capacities, continue the car fleet and machinery renewal program and revamping some buildings owned by the company. We also operated an investment to expand and modernize the company’s central headquarters,” said CON-A head.
CON-A has 512 employees at present and plans to hire more this year.
The local construction industry is dominated by Romanian players, accounting for around 60% of the 100 largest builders, but the bulk of profits, almost EUR150 million, is pocketed by foreign groups operating locally.
(English version by Catalina Apostoiu)