45m-euro business for garbage disposal company Urban

Garbage disposal company Urban, based in Ramnicu Valcea, estimates a turnover worth 45 million euros for this year, a 50% increase against last year, say company representatives. The profit budgeted for 2006 amounts to 0.56 million euros, a 20% increase against last year. “The growth seen in 2006 was the result of the expansion of our activity to Ramnicu Valcea county, to Brasov and to the towns of Bragadiru and Calimanesti near the Capital City,” specify Urban representatives. In the first half of the year, Urban Ramnicu Valcea saw its turnover increase by 35% to 21 million euros. The company has been involved in the business of urban waste collection and transport in Ramnicu Valcea, in the 6th district of the Capital City (since 1999), in Otopeni (since 2002), as well as in Baile Govora, Baile Olanesti and Ocnele Mari, since last year. Urban competes with REBU, Rosal and Supercom on the garbage disposal market in Bucharest, estimated at 100 million euros, and going up, according to company representatives. Urban Ramnicu Valcea is controlled by Teodor Florescu, who also holds the position of general manager. The company, whose share capital stands at 1 million RON (0.3 million euros) has 2,400 employees and a fleet of 350 special vehicles.