It made more than RON8.8 million (EUR1.8 million) net profit in 2020, 31% more than the RON6.8 million (EUR1.4 million) net profit of 2019, according to publicly available data.
Heraeus started production in its facility in Chisoda, 8 kilometers from Timisoara, in early 2015 and officially inaugurated the plant in October of that year.
Heraeus Romania has invested EUR10 million in its manufacturing facilities every year on average, as its officials said. The company got RON9.3 million state aid to expand the current production capacity.
It makes solder and sinter materials, adhesives for the electronics industry and direct copper bonding substrates (DCBs), most frequently used as circuit carriers in power electronics applications. Most of its products are used mainly in the automotive industry, as well as telecommunications, consumer electronics and semiconductor industries.
Heraeus Romania exports more than 90% of the production is exported.
(English version by Loredana Fratila-Cristescu)