Elba has 4.5m-euro investments budgeted

Producer of electric lighting fixtures Elba, which is based in Timisoara, has budgeted investments worth around 4.5 million euros for this year, in developing and modernising its production capacities. “We intend to acquire equipment, so as to keep up with our prime customers’ increased demand for products. The funds will be evenly distributed to our automotive and lighting fixtures divisions, and both projects will be self-funded,” Fidelio Iancu, business promotion manager of Timisoara-based Elba, told ZF Transilvania. The company’s investment projects for 2006 were also aimed at developing production capacities, with plastic injection moulding and plastic and metal coating being targeted for development. According to the company management, the budget allocated for investments in 2006 exceeded 3 million euros. In 2005, investments stood at 4.7 million euros and were primarily used for developments in the production of auto components.