The Romanian branch of the Italian producer of agricultural machinery Maschio-Gaspardo this year intends to invest 2 million euros in increasing the production facilities of its plant in Chisineu-Cris, Arad County (600 km from Bucharest, western Romania), ACT Media news agency reports.

"The decision of developing the production facilities by expanding the existing production hall came as a result of the increase both on the domestic and foreign markets," Mirco Maschio, Maschio-Gaspardo Romania's administrator, said. According to the above-mentioned paper, after this investment, the production of this plant will increase by approximately 20-25 percent. The company posted seven million euros turnover in 2005, a 40 percent increase as against the previous year. "We intend to exceed the turnover registered last year by developing the domestic and the foreign markets," the company's representative said. Being present on the Romanian market since 2002, Maschio-Gaspardo Company had started to produce the next year, after an over two million euro investment, the aforementioned source also says.

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