Electroprecizia Electrical Motors, part of Electroprecizia group, hopes to export 750.000 euros worth of electric motors in USA and Canada and expects sales growth in the two countries will be 20-25% per year, says Mediafax.

“These engines are delivered on various applications made in Europe (vacuum pumps, hydraulic power packs, fans). In the first year, we estimate the sale (in USA and Canada – e.d) of a total of 6,000 engines, the equivalent of 750,000 euros, and estimate a 20-25% increase in sales every year for these types of engines, “according to data submitted to Mediafax by the company.

Electroprecizia Electrical Motors received last month the right to market applications for induction electric motors in USA and Canada. Electroprecizia manufactures engines and electrical equipment and has over 1,000 employees. The group exports 90% of its production. Several shareholders have 50.3% of Electroprecizia shares, and a firm in Sfântul Gheorghe, namely Intercom, controls 49.69% of the capital.