“We plan to start work on the production facility in Turda no later than the beginning of 2023 and we want to complete it by autumn 2023. To start with, about 20 people will work in production,” Kesz Romania representatives say.
The new factory will manufacture ventilation ducting, both with rectangular and circular cross-sections, and prefabricate pumping stations.
This is also where the electrical panel production department will operate, which already exists as a production facility in Cluj, but will be relocated to Turda. Kesz hopes to begin production in the first quarter of 2024, its officials said.
The company ended 2021 with RON230.3 million revenue, up 18% on the previous year. Profit remained at approximately the same level of RON5.5 million and the number of employees increased from 93 to 96. For 2022, the builder has an investment budget of RON3.2 million.
At the end of 2021, the Kesz group bought a plot of land of about 16,000 square meters in the Petrom City area, near the Casa Presei Libere (Free Press House) in Bucharest, from Cornel Roșu, founder of Radox, a manufacturer of heating and air-conditioning equipment, where it is now building a residential complex with an estimated investment of more than EUR50 million.
(English version by Loredana Fratila-Cristescu)