Teba Industries, a Dutch group with operations in the textileindustry, which in 2007 had reached over 6,000 employees in threeproduction facilities in Romania has sold the last plant it held inBrad, Hunedoara, for 3m euros to its only client, Italy'sUnitessile company.
"The plant, with 400 employees, was sold to the client thatpreviously took over the entire production, Unitessile, for 3meuros. The unit's capacity currently stands at 20,000 pieces perday," Florin Oprişa, manager of Teba Brad Industry, told ZF.
Like all the other employees, Oprişa will retain his position afterthe deal is completed, in January.
Teba Industries, which three years ago derived total turnover worth40m euros from textile production in Arad, Iaşi and Brad, has inturn given up all its production facilities because of the "toohigh production costs", as the group's management previouslyannounced.
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