The company, which keeps a low-profile in the Romanian business sector, therefore joined the ranks of those making more than RON1 billion revenue a year.
The manufacturer posted RON250 million revenue in 2009, when it had 500 employees, while last year it posted more than RON1.1 billion revenue and the number of employees stood at 2,500. It created 700 jobs last year alone.
There are three other companies in the Sibiu County to have overshot the RON1 billion revenue mark, two of them state-owned (Romgaz and Transgaz, both in Medias) and one of the plants of the Continental group.
Marquardt was 39th among the largest 500 exporters in Romania last year, up one place compared with 2014. This shows how important the automotive segment is for the country’s exports and also how the economy of the various counties can develop.
The counties that attracted most foreign investment saw the highest increase in the revenue of their companies in the past few years by almost 100%. The total revenue of the companies operating in Sibiu, Arad, Alba, Arges, Constanta and Ilfov doubled in 2008-2014, according to a ZF analysis. On the other hand, the revenue of the companies in counties like Braila and Giurgiu shrank by 11% and 5% in six years.
Sibiu ranks ninth among Romania’s counties by total revenue of its companies (RON30 billion in 2014) and third by growth rate during the crisis, after Arges and Ilfov.
(English version by Loredana Fratila-Cristescu)