Viacon Technologies completes EUR 3 mln investment in central Romania

Viacon Technologies Romania, part of Safe Road Group, a supplier of road safety and other infrastructure solutions, has finished the EUR 3 million investment in a factory of metal pillars for road lightning. The new unit has an area of some 800 sqm and is located in the Tractorul industrial area in Brasov, Romania. “There was a group meeting with the Executive Board last summer, and a decision was taken to relocate the manufacturing operations of metal pillars from UK to Romania,” Razvan Ionescu, general manager and shareholder of Viacon Technologies told local daily Wall-street.ro. For this year, the company has budgeted investments of around EUR 2.5 million, which will mainly cover relocations of some operations carried out by the group on the Asian markets. According to Razvan Ionescu, Viacon Technologies plans to open two new production lines this year, with total investments of some EUR 2.5 million. He also added that the metal pillars market in Romania amounted to over 15,000 units, with a value of some EUR 2 million. Viacon's Polish subsidiary is the main shareholder of Viacon Technologies, owning a 60 percent share package, while the rest of 40 percent is owned by the company's general manager, Razvan Ionescu. Irina Popescu, irina.popescu@romania-insider.com (photo source: sxc.hu)