Bistrita-based Raal, a producer of vehicle cooling systems, intends to invest some 12 million euros in the following two years in order to build a new plant, which will predominantly produce complete cooling systems. Last year, the company acquired a firm in Prundu Bargaului that was undergoing liquidation and, where, according to company management, work on building and rehabilitating an 18,800 square-metre facility started. This project is scheduled for completion in by the end of 2008. "The main purpose of the investment is to boost the company's productivity, which is currently below the level of other EU countries. However, once this project is completed, we estimate that we will attain a level of production similar to the European average," Paul Ilies, general manager of the company, told ZF TRANSILVANIA. According to Raal officials, the company intends to invest around 5-6 million euros in the new facility this year, with the main body of investment to be used in the renovation and modernisation of 50% of the buildings in Prundu Bargaului. The company has earmarked a further investment of 6 million for 2008, which will be used to rearrange the plot of land and its infrastructure, as well as for furniture, office supplies and software.
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