Comtech Co invests five million Euro in Slatina factory
2012-11-26 12:50:57
Slatina’s steel pipe distributor Comtech Co invested five million Euro in an unit to isolate steel pipes using with polyethylene, according to Ziarul Financiar, an endeavour which will create 20 new jobs. “I decided to invest in my own factory because the transportation costs for performing this operation [polyethylene isolation] in other European factories are pretty high,” said Constantin Goanta, the owner of Comtech Co, adding that almost two-thirds of the investment came from own funds. About 40 per cent of the company’s pipes usually go to oil and gas industry, 20 per cent to automotive industry and ten per cent to important energy players, such as OMV Petrom, E.On Gaz and Gaz de France. Comtech Co was founded in 1997, posting a 24 million Euro turnover last year.
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