SCCF Iasi sees 26m-euro turnover

SC Constructii Feroviare (Railway Engineering) Iasi-Grup Colas SA, whose controlling interests are held by the French Colas group, achieved an about 20% turnover growth to a total of 26 million euros last year, the company officials say. “The works we conducted last year after the floods were the main drive that boosted our business. We expect to maintain the same turnover as in 2005 this year,” Eugen Cojocaru, financial manager of Constructii Feroviare Iasi-Grup Colas S.A,” told ZIARUL FINANCIAR. Colas became the majority shareholder of SCCF in 2001, when the French bought 51% in the Iasi-based company, a transaction worth about 4 million euros. Colas, which is part of the Bouygues giant, acquired the 51% in the Romanian company by a capital increase operation. It is interested in buying the rest of the shares that would allow it to increase its stake from the 51% it currently holds. The remaining 49% are held by some 700 people, according to the company officials. SCCF Iasi is one of the most active engineering companies in Moldova, with its over 20 million-euro turnover a year and about 900 employees. ZF