„The money was intended for the factory investment. We received another capital increase ever since and we will receive at least another one by the end of the year. Overall the investment amounted EUR 25 million”, says Ion Bican, managing director of CER Cleaning Equipment.

The company initially estimated that the factory would involve a total investment of EUR 20 million, with 40 pct. state aid, according to the most recent available data. The amount has increased to EUR 25 million during the factory development.

Karcher, a group with annual turnover of EUR 2 billion, will start production in September, according to the company release. (source: zf.ro)