“We currently almost don’t face demand. We should manufacture three to four times more to face all demands,“ said Serban, who is the first woman-general in Romania.
Romarm posted sales of RON104.3 million (nearly EUR23.5 million) in 2014, over two-fold higher compared with RON49.1 million in 2013, according to data on the Ministry of Finance website.
The company’s net profit was RON0.3 million in 2014, from RON0.03 million a year before.
Romarm has 15 production units and needs investments to restart some factories and upgrade production facilities. Thus, it targets EUR0.4 million from the state budget to build a residual water unit.