The company posted RON310.8 million revenue last year, double as much as in 2013.
“We set a 50% revenue growth target this year compared with 2014. Last year we completed relocation of the gas-filled shock absorber production from Germany, the Bloc-O-Lift division, and gained new customers,” Cristian Popescu, general manager of Stabilus Romania told ZF Transilvania.
The company gained new projects from BMW and Porsche last year, and also boosted production of the Powerise division. It also began construction on a new production facility in 2014, where it is currently installing equipment. Two years ago it completed another investment worth EUR2.5 million in a production facility and a storage facility taking up 3,000 square meters.
The company’s business is structured around three divisions: Swivelchair (gas springs for swivel chairs), which serves customers like Interstuhl, Dauphin, HMI, Steel Case and Itoki, Gassprings and Powerise (electromechanical drives used in opening and closing trunk lids), which works for Audi, BMW, Porsche and Mercedes.
Stabilus Romania started operations in 2005 and is part of the Stabilus group based in Koblenz, Germany.
(English version by Loredana Fratila-Cristescu)