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TT Cables opens subsidiary in Romania

TT Cable announced that it has opened a subsidiary in Timisoara, Romania—TT Cables S.R.L.— that will join five other subsidiaries that distribute the company’s low-voltage electrical cables in southeast Europe.

At its web site, the company, which was founded in 2007, notes that TT Cables S.R.L. will join its sister subsidiaries. Collectively, they can better “foster stronger relationships with our customers by providing customized support and solutions that meet the unique needs of their market.”

The company, which earlier this year opened a new 20,000-sq-m manufacturing plant in Macedonia, noted that Romania has long been an export market. “This step signifies the next level in our growth strategy as we expand our business with ... two new factories and significantly increasing our capacity and product range. This subsidiary, with our professional staff supported by a local sales team, brings us even closer to our Romanian and neighboring customers.”

TT Cables is based in Bosnia and Herzegovina, along with its production facilities, on the Balkan Peninsula in southeastern Europe. Its other subsidiaries include TT Cables Nordic (Lithuania), TT Kabeli doo Beograd (Serbia), T Kabeli Croatia, TT Cables GmbH Austria and Brodomerkur Energetika Ltd., also in Croatia. The company notes that it has more than 400 employees and markets in 50 countries.

Read 326 times Last modified on September 5, 2024

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