EnglishCondmag Brasov intends to make investments worth approximately 25 million EUR in the next three years. In order to increase its productivity, the company will invest approximately 11 million EUR in 2007, 10 million EUR in 2008 and 4 million EUR in 2009. Condmag plans to modernize its auto park and the equipment it uses in its main activity, namely installing oil and gas pipelines. Since 2004, the company has been focusing on modernizing equipment, the investment totaling approximately 3 million EUR.
For 2007, the company expects to double its profit and increase its revenues to 40 million EUR. Condmag plans to increase its market share, attract new clients (such as Petrom-OMV) and provide new products and services. The company will also invest significant amounts in professional development programs for its employees. Condmag shares are listed on Rasdaq as COMI and plans to list its shares on the Bucharest Stock Exchange.
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