In 2011, Romet reported sales of EUR300 million.
“Romet will inaugurate its new fire extinguisher factory next week, following an investment of over EUR4 million. The new factory will have a capacity of 1.5 million units a year,” said Constantin Toma, owner of Romet Group.
Speaking at an economic conference organized by Ziarul Financiar, Toma said a similar EUR4 million investment in a smelting plant will be completed by fall.
“We aim for higher profits, because earnings have been affected by lower prices and a growing competition in the market. To that extend, we want to increase our export capacity and these investments will help us do that,” Toma said.
Romet Group runs eight companies that supply equipment to various industrial sectors, including agriculture, water and steel. The group employs over 800 staff.