The company, headquartered in Medias, Sibiu county, in 2020 posted turnover worth around RON166 million and RON990.000 net profit. It had an average number of 1,291 employees. The German company also owns a car cable systems plant in Nadab, around 40 km away from Arad.
In early 2021, Kromberg & Schubert sold the plant it owned in Timisoara to Continental group. The company halted cable system production in Timisoara, but bet on research and development.
Since entering Romania, the company has also opened a plant in Medias, an R&D center and an IT performance center in Sibiu, as well as the cable system plant of Nadab.
(English version by Catalina Apostoiu)