SCR prepares for integration

The management of the Serviciile Comerciale Romane Group (Romanian Commercial Services – SCR) expects service and labour costs to increase as a result of EU accession. This could prompt it to drop some of its businesses. “We are ready to close 20% of our businesses; the rest will be viable, if profits are reinvested. If 50% of the product families of the group survive, then the management will have been poor, if 80% remain competitive, then the management will have been right,” Stefan Vuza, SCR chairman, told ZF Transilvania. He cited the Sinterom company as an example of where the magnet and wire factories were not profitable and would probably be closed. The production of natural cellulose at Somes Dej is also not a profitable business and will probably be abandoned or third party processing will be preferred. ZF