S.C. OTELINOX S.A

OTELINOX was established on June 01 1974 and has become a leading manufacturer of cold-rolled stainless steel strips. In February 1981, the Wire Rod and Bar Mill production plant was commissioned. Now, this plant doesnt exist. In October 1997, SAMSUNG DEUTSCHLAND GmbH a branch of SAMSUNG CORPORATION Korea, has acquired the main package of shares (51%) of S.C. OTELINOX S.A. Now, Samsung Deutschland GmbH holds 94.25% of OTELINOX social capital. Starting 1998, SAMSUNG dedicates itself to rebuild and develop OTELINOX, so this will have, in the nearest future, an important role in the Romanian economy, as well as within SAMSUNG group. A large program of investments was implemented, aiming for the upgrade and automate of the equipments, but also new investments. In July 2002, a large investment was finalized, by creating a new production unit Rolling Mill no.2 Plant. The plant produces thin and ultra-thin stainless steel narrow strips with thickness between 0.05 and 0.8 mm ...