Optibelt Power Transmission in 2021 generated EUR62.7 million turnover, 53% higher on the year.
Optibelt entered the domestic market more than 10 years ago by opening a car and appliances belt in Tautii-Magherus, in the wake of initial EUR5-6 million investments, which subsequently rose to EUR10 million.
The company invested EUR2.2 million last year.
For 2022 we earmarked EUR10 million to expand production by another 6.400-sqm hall, but also for new belt production lines, said Attila Gittinger, technical manager of Optibelt Power Transmission.
The company plans to increase its number of employees to over 675 people by yearend, from around 600 people at present.
(English version by Catalina Apostoiu)