The company last year narrowed down its net loss to RON8.1 million (EUR1.6 million), from RON9.1 million (EUR1.8 million) in 2021. It had an average number of 811 employees, 172 fewer than in 2021.
Faist Mekatronic is one of the largest companies in Bihor, a county where mostly automotive and footwear companies operate. The company makes aluminum cast parts in Oradea to be used in telecom infrastructure projects for Ericsson, Nokia and Kathrein, while its automotive customers include Mahle, Borg Warner, Hella, Kongsberg, Brose, Eaton, Wabco, Schaeffler and the Magna group, Faist officials have previously said.
(English version by Catalina Apostoiu)