Electrogrup Cluj invests 1.5m euros

Cluj-based Electrogrup will invest more than 1.5 million euros in the construction of a new manufacturing centre designed to accommodate 100 employees. The new facility will be built in 2005 and will provide the electrical and telecommunications network builder with the necessary space to carry out its already existing contracts. "We cannot hire even a single person now because we're out of space. The investment is necessary for the development of our company," Teofil Muresan, Electrogrup's chief executive told ZF Transilvania. Electrogrup's investments made thus far have amounted to approximately three million euros and were mainly directed to technology. ZF