The company ended 2022 with a loss of almost RON6 million (EUR1.2 million) from net profit of RON315,776 (EUR64,000) in 2021. It reached an average number of 873 employees.
Elba Timisoara has a tradition of nearly 100 years and is a leading manufacturer in Eastern Europe, specialized on the mainstream market for automotive and technical lighting. The company was privatized in 1995 via a management and employee buyout.
In September 2018, Elba Timisoara signed a joint venture agreement with US automotive headlight producer Varroc Lighting Systems, in view of manufacturing electronics in Romania and established the company Varroc-Elba Electronics headquartered in Timisoara (western Romania).
(English version by Catalina Apostoiu)