The EUR3.5 million investment, due for completion in one month, covers a third of a local development program for the next four years.
Mirco Maschio, manager of local operations and one of the founders of Maschio Gaspardo, said the plant’s production hall will be extended and laser cutting systems for sheet will also be purchased.
Maschio Gaspardo reported a turnover of EUR25 million in Romania in 2012 and its budget for this year is 20% higher.
Agriculture, a EUR15 to EUR18 billion market which depends on weather conditions, is seen posting growth due to positive forecasts pointing to grain crops of 17.4 million tons, up 40% from 2012.