For 2014, the company forecast revenue worth above 72 million lei (EUR16.3 million), up 25% on the year.
“For this year, we expect revenue to go up by 15%, on sales network development. We gained new clients and we expect the market to register a slight increase in the agricultural and forestry fields,” Mircea Eugen Oltean, general manager of IRUM Reghin, told ZF Transilvania.
The annual production capacity of the Reghin plant stands at 250 forestry tractors, 500 agricultural tractors and 1,200 tons of turned metal parts.
IRUM’s foreign partners are various forestry exploitation companies of Spain and Bulgaria, as well as various machinery producers of Germany, France and Italy.
IRUM in 2014 completed an investment of RON6.4 million (around EUR1.5 million), supported by EU funds, in an agricultural and forestry machinery research and development center. The company says that new, Romanian products will be developed in the IRUM iFor center.
Romania’s tractor sales by volume have doubled against the level of a decade ago, but the market still lags behind mature EU markets. The Romanian tractor market is valued at around EUR150 million.
(English version by Catalina Apostoiu)