Megaprofil to invest 5m euros

Megaprofil, a manufacturer of metallic profiles of for roofs and walls will carry out an investment project worth some 5 million euros next year, aimed at new production lines, storage space and a new office building. “We made 9 million euro turnover in 2004 and estimate to attain 21 million euros this year. This development is due to the investments in technology, to the favourable market and to the financial support and know-how provided by our parent group,” stated Nicolae Borcea, Megaprofil”s sales and marketing manager. The company is part of the Belgian Joris Ide group that entered Romania in January 2002. It completed its first year in business with 2.1 million euro sales, which doubled a year later. The company posted 50% growth in the first half compared with the corresponding period of 2004, and its officials estimate the upward trend to maintain in the second half, with some 120% growth on the second half of 2004. ZF