Business News

Car Parts Maker SGA Sees 40% Drop in Turnover

Ljubljana, 11 January (STA) - Car parts producer SG Automotive (SGA) from Slovenske Konjice had a EUR 27m turnover in 2009, a drop of 40% compared to the year before, SGA chairman Robert Grah told Monday's issue of daily Delo. He added that the company would focus more on the lighting division in the future.

Grah told an interview with Delo's business supplement Delo FT that this year would be better for the company, which employs 330 people in Slovenia and also has subsidiaries in Serbia, Germany, France and China.

According to him, SGA has signed contracts worth EUR 51m and plans to boost turnover to EUR 120m in a few years with a new road lighting programme.

Grah, who is also a co-owner of SGA, said that the company does not intend to fully switch to public lighting, adding that it will only be a new department.

The car parts programme will even expend, but the company wants to diversify the production in order to become more stable, Grah explained.

While the current capacity is 500,000 lamps a year, ASG plans to sell about 250,000 pieces this year, he said, adding that EUR 1.7m had so far been invested in the development of the road lighting programme.

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