ZF English

Real estate boosts Moeller''s business

23.12.2005, 18:53 5

Moeller Electro Productie, a branch of German Moeller Group, specialised in production of electrical and electronic equipment announced a 62% growth in turnover this year compared with 2004, to some 63.4 million euros. The drive of this growth was the real estate market. "The electrical equipment market is on the rise, with the main growth drive being the real estate market. We witnessed our most spectacular growth in 2004, compared with 2003, when the turnover went up from 12.1 million euros to 39.3 million euros," Claudiu Sacaci, administrative manager of Moeller Electro Productie told ZIARUL FINANCIAR. He added the company would make approximately one million euro investments in new manufacturing technologies next year. The company based in Sarbi, Maramures County had invested more than 2.6 million euros until this November, about 65% of which into manufacturing machinery and equipment, with the rest directed to expansion and development of production facilities. ZF

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