Romania, Bucharest: Romanian power transformer manufacturer Electroputere Craiova is expecting to reach a turnover higher by almost a third compared to 2015, reports Romania Insider.

Romanian transformer maker expects first profit after 16 years

Romania, Bucharest: Romanian power transformer manufacturer Electroputere Craiova is expecting to reach a turnover higher by almost a third compared to 2015, reports Romania Insider.

This year the company which has been struggling with losses expects to have its first positive result after 2000, according to the source.

Electroputere Craiova is controlled by the Saudi group Al-Arrab Contracting Company.

Source: Romania Insider