Electrogrup makes 5m euros

The Cluj-based company Electrogrup, specialising in electrical installations and the construction of telecommunications networks, intends to complete an investment of more than 2.6 million euros in a new production facility in Cluj Napoca. The company already owns a similar space in another part of the city, and the two facilities will employ 150 people as of 2006. “Next year we will see our highest growth in the number of employees since our establishment. The new production facility is necessary for the development of the company, because at the moment we are using the space we have at its maximum capacity,” Teofil Muresan, Electrogrup chief executive told ZF TRANSILVANIA. The management of the company estimates approximately 5 million-euro turnover for this year, up 60% on 2004. Electrogrup opened the Entel company in Bucharest in 2002, which it devised as an operational office for the area, focusing on telecommunications. The development plans for 2006 include the opening of new offices in other cities. ZF