Invest in an established participant in civil and public construction with specialized design and engineering skillsThe Business
The Company was established after World War II as a shipbuilding yard and was privatized in 1994. The Company has since expanded into watercourse and sea shore infrastructure; land reclamation construction; extraction, transportation, selection and delivery of river ballast; and nuclear power producing facility maintenance. It owns a majority interest of the major Romanian seaports on the Black Sea-Danube channel.
The Company is well positioned with an impressive track record in the specialized infrastructure sector. It has excellent human resources, which are highly skilled and experienced in this specific market. It has extensive specialized equipment including a significant number of excavators, bulldozers, ships such as tug boats, pusher boats, barges and other equipment specific to specialized infrastructure constructions activities.
Market
Because the Company is dependent on government public expenditures for infrastructure rehabilitation its sales decreased in FY 2009. However, public infrastructure is a key issue for Romania’s development, and it benefits from EU financing facilities. For this reason, the prospects for the Company’s principal market – special public infrastructure – are very good.
In order to enhance the Company’s current operational and financial position, the Company seeks to identify strategic and/or financial partners to develop and expand its existing business.
Sector: constructionSegment: Port and SeashoreRegion: RomaniaFinancing Size: $5m to $20mContact: Dan Trepcea
Company: Schnecker van Wyk & PearsonTelephone: +40 21 233 4333Email: [email protected]