18m-euro business for Stangl in 2007

Stangl Instalatii SRL (Stangl Installations Ltd), a division of the German group MCE Building Technology that operates in the construction field, estimates an 80% increase in its turnover next year, to some 18 million euros. “We have a great deal of work in the field of installations and air conditioning for office, logistical and retail projects developed by German investors in Romania. This year, we will see an increase in our business by some 80%, which we hope to accomplish next year, as well,” Ulrich Geier, manager of the external development division of MCE Building Technology told ZF. Stangl’s projects in Romania include the construction of new headquarters for Romania’s importer of the BMW brand, Automobile Bavaria, an industrial project for tyre manufacturer Continental and installation work for Kaufland hypermarkets, in partnership with the German construction company Lupp. Stangl Instalatii currently has some 75 employees.