UCM Resita expects double revenues

Uzina Constructoare de Masini Resita (UCMR) – the Machine Building Plant that was taken over by Swiss investment consortium INET Group – expects its turnover in 2005 to be 2.5 times higher than in 2004 following the hydropower equipment supplier’s repositioning on foreign markets, says Dan Petrescu, the company’s commercial manager. At the same time, the investments the Swiss investors are planning for UCMR over the same period will be ten times higher than the 3.6 million euros invested in 2004. “It is a matter of repositioning on foreign markets. We want equipment exports to generate about 40% of the turnover, up from the 20% and 30% of previous years. Demand for hydropower equipment is high in Asia and we have tapped into new markets like Turkey and consolidated our position in India and Iran, where we have made deliveries from time to time. Our regular partners in Europe are Va Tech, Voith Siemens and Alstom,” Dan Petrescu told Ziarul Financiar. ZF