Abrom plans on rebound

Abrasive materials manufacturer Abrom Barlad has set out to become profitable by the end of the year. The company expects to sign contracts worth 4 million RON (more than 1.1 million euros) and to cut its production expenses. Abrom concluded the first half with nearly 1.8 million RON (some 0.48 million euros) in losses. "We are now making efforts to boost production and sign new distribution contracts with domestic firms. We visited Alro Slatina, Dacia-Renault Pitesti and Koyo Alexandria, where we discussed signing contracts worth over 40bn ROL (4 million RON) a year. We are also pursing an expansion of the distribution network in the counties of Caras Severin, Gorj, Dolj, Arad and Timisoara," said Stefan Bigu, Abrom Barlad''s general manager. Abr om is hoping to achieve 7.4 million RON (more than 2 million euros) in revenues this year, with gross profits expected of 100,000 RON (28,000 euros). It posted 5.4 million RON (1.34 million euros) in turnover in 2004 against losses of 9.5 million RON (2.35 million euros). ZF