Declining profit for Elba Timisoara
Ziarul Financiar
03.05.2006
2004. Company officials could not be contacted to comment on these results. According to company data, headlights and car lamps deliveries
to Automobile Dacia for the Dacia Logan model account for the bulk of Elba''s turnover. At the same time, contracts with municipalities to modernise and maintain the street lighting system in Arad, Timisoara and Harghita also
contributed towards turnover. The company forecasts an increase of its business by over 20% this year, to 34 million euros, given that the investment plans are worth some 4 million euros, to be used to acquire new equipment and to modernise and expand the production space. ZF