Electronics Production | March 10, 2008
Schneider Electric is doing good business in Romania
The French Industrial equipment manufacturer states a €65 million consolidated turnover for its subdivision in Romania.
That means an increase of 30% compared with the figures for 2006. This is mainly due to the special dynamics of the construction market and the expansion of their distribution network. "The main growth drivers of Schneider Electric Romania were the building automation products (allowing power saving) which saw a 140% increase against 2006 results. The development of the residential market, the office market, and the opening of new stores, also contributed to the turnover increase," David Nicholl, country manager of Schneider Electric Romania told ZF. Schneider Electric Romania plans to invest around €1 million this year.