Connectronics turnover surges

Connectronics Romania, a manufacturer of printed circuit boards and telecommunications cables and the Romanian subsidiary of Belgian group Connect Systems, has reported turnover for the first six months of the year of one million euros, an increase of nearly 125% on last year. “The increase in turnover was mainly due to the expansion of our activities, after we established an assembled cable section in February 2004 to add to our printed circuit-board operations,” explained Calin Vesa, the manager of Connectronics Romania. According to an announcement earlier in the year, Connect Systems is planning to turn its factory in Oradea into a completely independent profit centre. This saw the group begin investing 500,000 euros in infrastructure at the Oradea facility. “The investment is nearly finished. We expect to be operating completely independently from the Belgian group by the end of the year,” Vesa said. ZF