Representatives of the Romanian branch of the Spanish automotive components producer Caucho Metal Productos (CMP) estimate a 15.5 million-euro turnover this year, which pushes the initial target up by over 3 million euros. "The Sibiu-based plant is witnessing a rapid development, thus we have contracted 50% more projects this year than were planned for the first year of production. Under the circumstances, the transfer of technology from the plants in Spain has taken place more rapidly," Marius Bologa, general manager of Caucho Metal Productos Romania told ZF Transilvania. According to him, the expansion of its production capacities has led the company to increase this year's investment budget by another million euros, as compared with the 3 million euros estimated at the beginning of this year. The number of employees has also increased by 100 people since the beginning of the year. The Spanish company has structured its investments into three stages and expects to reach full capacity in 2008, with 250 employees.
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