The electrical cable and optical fiber producer saw its losses deepen in 2023 to RON31.4 million (EUR6.3 million), from a negative result of around RON1.5 million (EUR303,000) in 2022.
It reached an average number of 1,252 employees.
The company at end-February 2024 started works on a new production line for medium voltage electrical cables, at its factory in Slatina.
The project represents a direct investment of EUR23 million, for a three-year period, and will increase the plant’s capacity by 12,000 tons/year of medium voltage electrical cable, according to the company’s representatives.
(English version by Catalina Apostoiu)