The business rose fast and doubled in 2013 and 2014, and then the following year. Growth later slowed down.
The local representative office of Italy’s Zoppas group is one of the largest actors in the home appliances and home appliance component industry. Only companies using the NACE code 2751, “Manufacture of electric domestic appliances” that filed their 2019 financial statements were considered.
The data available on the financial analysis platform Confidas show Zoppas Industries to be the fourth leading actor in its sector by revenue after Arctic, De’Longhi and Philips Orastie.
All top three companies make finished products, while Zoppas makes components. Zoppas entered Romania by buying the majority stake in Banatex (Sannicolau Mare, Timis County).
The plant in Timis County, which is currently employing 3,000, opened more than two decades ago, in 1997, following a more than $50 milion investment.
(English version by Loredana Fratila-Cristescu)