Textila Oltul, the Sfantu Gheorghe-based anti-allergic cotton-made textiles manufacturer, estimates turnover worth 7 million euros for this year, an 8% drop against last year. On the other hand, the company saw an increase in profit of 20% to 50,000 euros in the first nine months of the year, according to its own estimates. The company, which planned to hire 100 workers from China, has decided to employ local workforce. "For the time being, we won't hire people from China. For our local needs. i.e. in Sfantu Gheorghe, we want to hire 100 people for our tailoring workshop," said the financial manager of Textila Oltul, Valter Stefan, without disclosing further detail on this decision. The company produces over 1 million square metres of finished fabric monthly, of which, 95% go to export, mainly to Belgium and France. "Before the company's privatisation, 40% of production went to export and 60% to the domestic market," said Valter Stefan, economic manager of Textila Oltul.
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