ZF English

Celsius 2000 exports 95% of output to UK

28.12.2004, 00:00 11



Heating systems manufacturer Celsius 2000 expects turnover to grow by 20% next year, due to an increase in output by 40%, stated Andreia Costa, the company's general manager. The company's revenues will therefore go up to approximately 8.3 million euros. The massive exports to the United Kingdom helped the business volume of the Romanian producer grow by approximately 20%, albeit the domestic market plunged this year. "We estimate 260bn (6.3 million euro) turnover for this year and a 10,000 unit output. Exports to the United Kingdom account for 95% of the total, with the rest sold on the domestic market," Andreia Costa said. Celsius 2000 is currently expanding its production facilities, which are located in Bucharest, with production at full capacity in the new facilities set to begin next March. Celsius 2000 is wholly owned by UK's Keston. The company was established under the name of Omnitech Partners SRL in 1993, as a 100% American held company of the Omnitech Partners. ZF



 

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