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Flavus plans to attract €800 worth of investments in Brasov

Publicat la 02.03.2008, 11:28:00

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Flavus plans to attract €800 worth of investments in Brasov

The company also considers restarting tractor production. Flavus officials said negotiations are ongoing with 10 companies on this issues. A greenfield investment is needed to restart production, as the equipment currently on the platform is too old to be used for production, company officials said. The equipment of the former state-owned factory will be sold as scrap iron, for some €4-5 million.

Flavus plans to invest some €2 mln this year, mainly in feasibility studies for future projects.

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