TERRA Romania Construction Machinery 2023 revenue up 77% y/y

The company achieved its best year ever in 2023, with a record number of machines sold, over 800 units, it said in a press release last week.

At the end of 2023, the company opened a new office in the north-eastern city of Iasi, and also had its team grow by an annual 10%, to 115 people. In 2024, the focus will be on the development of new offices in Brasov and Timisoara, TERRA Romania Construction Machinery said.

"This will be followed by the development of the office in Turda, which is also very important in our development strategy. The total investments amount to approximately 6 million euro in the next 12 months," said Victor Vasluian, the company's CEO.

($=0.927693 euro)