Electrolux logs 50% growth

Electrolux, the Swedish producer of home appliances, logged 50% turnover growth in Romania in the first quarter of 2004, despite the changes that occurred in the lending systems for buyers. However, the rising production capacity and bigger sales for certain categories of products have managed to offset this evolution. Electrolux posted 105 million euros in turnover last year. Should the growth pace of the first quarter continue throughout the year, the Swedish producer is set to register 150 million-euro turnover in Romania in 2004. ZF