Temco invests 4m euros

Cluj-based Temco will invest more than 4 million euros this year in order to establish a centre that manufactures components for and reconditions medical equipment. To that end, Temco teamed up with an US-based company, Block Imaging International, which specialises in rehabilitation of all sorts of medical equipment. It will set up a company to recondition and upgrade such equipment.

“We will begin production in Cluj early in 2006. We will make components and restore existing medical equipment to normal functioning parameters,” Pompiliu Manea, Temco chief executive told ZF Transilvania. The company management expects revenues derived from the sector to reach 1.5 million euros for the first year since the start of manufacturing. At present, the Cluj-based company focuses on import and distribution of medical equipment. The new company is being established in order to boost Temco’s output (only 3% of the turnover is derived from manufacturing operations at the moment), as well as to provide a new service on the regional market. ZF