September 17 (SeeNews) - Romanian car parts manufacturer Compa [BSE:CMP] said on Thursday it has invested 10 million euro ($11.3 million) in an horizontal hotformer.
"Purchasing a high performance horizontal hot forging line from company HATEBUR- market leader in this field - enables the company to extend its business field, meeting in this way the market demands by offering solutions of the highest technological level," Compa said in a statement filed with the Bucharest Stock Exchange.
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Compa's net profit rose to 23.9 million lei ($6.1 million/5.4 million euro) in 2014 from 21.4 million a year earlier.
(1 euro = 4.4206 Romanian lei)