Gerom turnover up 10% in 2006

The manufacturer of window glass Gerom Buzau estimates that turnover will go up by some 10% this year, to about 7 million euros, according to company representatives. The company changed its shareholder structure in two stages last year. Businessman Guma Valeriu bought 86.2% in Gerom Buzau from the State Assets Resolution Authority (AVAS) last spring, and then sold 43.1% to the leasing company Hystria Expert (Bucharest), in a deal worth around 3.8 million RON (1.05 million euro) in December. “Now that the shareholders have changed, investments of at least 4 million euros will be made in the production of window glass for cars over the next two years,” Constantin Dragan, Gerom Buzau general manager told ZIARUL FINANCIAR. Gerom is the sole supplier for the Dacia Pick-Up model, and until a few years ago it was the sole supplier of glass for the Dacia Break and Dacia Berlina models, discontinued by Dacia Renault when it started making the Logan model. ZF