Electroprecizia Sacele sales down 17%

Electroprecizia Sacele, a producer of electric engines and equipment for vehicles based in Brasov county, estimates it will post an over 37 million-euro turnover this year, down 17% against 2006. “The losses registered so far were prompted by the decline of the euro against the domestic currency, which caused great difficulties for all large exporters on this niche market, because exports account for over 82% of our company’s turnover,” Claudiu Rosculet, general manager of Electropecizia told ZF Transilvania. For this year, the investment budget of the Brasov-based company exceeds 2.2 million euros, a sum to be used to modernise production facilities, upgrade manufacturing lines, and develop new production facilities. Over 82% of Electroprecizia’s sales are conducted in 50 countries, both in Western Europe and internationally, while the company’s biggest competitors are the producers of electric engines and electric equipment for vehicles, such as Siemens, Bosch, Valeo, General Electric, and Denso.