EnglishRemar Paşcani, whose line of business is the repair of freight and passenger train cars, said it is looking to raise 1.5 million Euros from various sources, including non-reimbursable funds. The amount will be invested in the diversification of production, with a decision in this respect to be made on August 19th, during the General Shareholders" Meeting.
In January, the shareholders of Remar Paşcani have approved the contracting of a loan of 10 million Euros and the purchase of 300 second-hand train cars from the domestic market.
In Q1 2010, the company had a net profit of 6.3 million lei (1.5 million Euros), up from 6.1 million lei in Q1 2009. However, the company"s turnover has decreased 22.3% to 33.6 million lei (8.16 million Euros).
The company is indirectly held by Gruia Stoica and Adrian Didilă, which control 89.57% of the company through the Romanian Railway Group, which is in turn part of the Grampet group, controlled by Gruia Stoica (73.3%) and Adrian Didilă (26.6%).
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