The company posted more than RON7 million loss in 2019 compared with a net profit of almost RON3.9 million in 2018, according to publicly available data. Faist Mekatronic had an 1,128 employees on average last year.
Faist Mekatronic is one of the largest companies in Bihor, a county where mostly automotive and footwear companies operate. The company makes aluminum cast parts in Oradea to be used in telecom infrastructure projects for Ericsson, Nokia and Kathrein, while its automotive customers include Mahle, Borg Warner, Hella, Kongsberg, Brose, Eaton, Wabco, Schaeffler and the Magna group, Faist officials have previously said.
(English version by Loredana Fratila-Cristescu)