SC VULCAN SA
In 1906, after only 2 years from company establishment, VULCAN was awarded the Diploma of Honor and the Gold Medal at the International Fair organized in Bucharest. In 1908, VULCAN is no longer a branch of a.m. Austrian company and becomes an independent joint-stock company based on both Romanian and foreign capital under the name of "VULCAN-Machinery Factory ". During 1910 - 1916 the company turn-over doubles and the net profit triples. Immediately after the first world war the manufacturing capacity expands and the facilities are renewed. In 1911, the company started making the first exports in Serbia, Bulgaria and Turkey and also started the manufacturing of thermo-mechanical equipment. In 1912, the company had 400 workers, meaning 10 % of the personnel employed and about 14 % of the total capital invested in the metal working industry of Romania at that time.
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Comment Author icapet / Apr 20, 2011
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