In 2012, Comtech Co targets sales of EUR27 million, from EUR24 million a year before.
“End-2010, we took the decision to invest in our own polyethylene insulation factory of pipes for oil and gas transport as the transport costs at other European factories were high,” said Constantin Goanta, owner of Comtech Co.
The construction started in August 2012 and was financed from own funds and banking loans. It was a brown field investment, as a fifth of the buildings and storage spaces already existed.
The equipments represented EUR3 million of the investment.
The company’s largest client is OMV Petrom, with 30% of Comtech’s sales.