The group sees its gross profit at 5.3 million lei (EUR1.2 million) in 2013.
Uzinsider controls industrial equipment makers Comelf Bistrita (CMF.RO), Promex Braila and 24 Ianuarie Ploiesti. The group employs 2,370 people and is owned by businessman Constantin Savu.
For 2014, the group signed contracts worth a total of EUR18 million with U.S. giant General Electric and German company Siemens to produce components for gas-fired turbines.
Since 1997, Uzinsider has invested approximately EUR26 million in the three plants. For 2013-2014, the company plans to invest EUR8.5 million in Comelf and EUR3.3 million in the two other production units.
“We want to strengthen our current partnerships and need to upgrade and expand our production facilities to produce more complex components,” Savu told Ziarul Financiar in an interview.
Comelf Bistrita is the largest company operated by the group and the only one listed on the Bucharest bourse. Comelf registered record turnover in 2012, of RON169.6 million (EUR38 million), up 19% on the year, and net profit of RON3.86 million.
Its turnover rose 10.8% in January-September 2013 to RON115 million. It has a market capitalization of RON42.8 million.