This is not the first time that Hidroconstructia reaches Germany, with the company previously opening a branch in Oberboihingen in 1992.
Hidroconstructia chose Germany, where few other Romanian companies ventured to open branches. Delta ACM, for instance, which is controlled by businessman Florea Diaconu, is building a motorway in Iraq, while Romstrade (held by Nelu Iordache) also has contracts to build roads in Iraq.
Hidroconstructia representatives did not answer ZF’s query as to why the company had decided to open a branch in Germany and about the contracts it had won or was pursuing in the country.
The company is known in particular for hydrotechnical works in Romania, but also built roads. One of the latest projects that the company has been involved in is the rehabilitation of county road Ciucea Crasna-Varsolt, a contract worth RON70.2 million (EUR16.1 million).
The company is one of the biggest Romanian employers, with 6,559 employees at the end of 2010.
Hidroconstructia is controlled by the management and by the employee association. According to the latest information available, around 75% of the company’s contracts had the state as a beneficiary. (EUR1=RON4.3486)
(English version by Daniela Stoican)