Flaro Sibiu banks on office supplies

The Sibiu-based company Faro SA, which makes office supplies, haberdashery, household items and components for the textile and electrical industry, has concluded the second quarter of the year with turnover 73% higher than for the same period last year. The company estimates its turnover will increase by 50% on 2004 when it reached 4.5 million euros. “The growth is due to the expansion of our cooperation in the various fields our company is involved in, and at the same time new products have had an impact on turnover. Flaro”s investments last year were worth 7% of total turnover and went to purchasing equipment and upgrading production facilities. The planned investment for this year will be worth around 10% of expected turnover, of which 50% will go to the office supplies business,” Flaro”s commercial manager Cristian Barbuc told ZF Transilvania. Office supplies account for some 15% in Flaro”s total turnover with the company planning to up this percentage in the future by broadening its product range and types. ZF