Emka Plans to Boost Production by 11% This Year

Emka Plans to Boost Production by 11% This Year

Emka's production sales last year stood at 62.488 mln leva (31.9 mln euros), the company states in its report filed with BSE.

Sales revenues on the home market account for 45.4% of all sales and those on the foreign market make for 54.6%.

Sales of isolated cables and wires account for 53.7% of all sales.

Emka's main clients on the foreign market are Lapp Kabel abd Faber Kabel (Germany), Isovolta (Romania), Emo Ohrid (Macedonia), Nexans (Greece), Memira (Cyprus) etc. Bigger clients in Bulgaria are Hyundai Heavy Industries Co,” Ria International, Filcab, Tilkom, Dynamo etc.

Last year Emka launched an investment program aiming at increasing production capacity and reducing product prime cost. With its implementation, the company's investments this year will reach 2 mln euros.

Emka's main objective this year will be “to maintain competitiveness levels and to boos labor efficiency.” The company plans on increasing production output by 11%.

Emka Jsc posted 2007 profit in the amount of 2.603 mln leva (1.33 mln euros), versus 2.651 mln leva (1.35 mln euros) for 2006. The company's capital stands at 5.376 mln leva (2.74 mln euros). Kemp Jsc controls 38.73% and Industrial Capital Holding holds 33.42%.

The members of the Baord of Directors (Mang OOD, Profit OOD, Denide OOD, Yanko Yankov) earned 113,828 leva each last year. Ivan Dichev's annual salary and bonus amounted to 184,876 leva. The executive director received 273,127 leva.

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