Menatwork plans to develop EUR 10 million industrial park in Bucharest

The Menatwork Group, which is controlled by Italian investors, comprises 22 companies carrying out a range of construction activities as well as production, distribution, trade and consultancy for construction operations. Romania is home to 19 companies from the group, which established its HQ in the Popesti-Leordeni area, on a 120,000-sqm plot.
At the beginning of 2009, the firm saw a decrease of 20 percent in its turnover, which is expected to stay the case until the end of the year. Last year, the company had a turnover of EUR 100 million. In 2010, company representatives hope for a turnover similar to the figure for 2008, in a best case scenario. For the next two years, the group plans to increase its exports to 6 percent in 2009 and 10 percent in 2010, a similar level to that seen in 2008. The company's GM believes that the construction market will continue its fall in 2010.
Magda Purice