1892
- Emil Costinescu, a Romanian businessman, builds a plant in Sinaia,
to manufacture nails, screws and nuts.
1913
- Emil Costinescu Joint-Stock Company (”ECJSC”) is incorporated.
1920
- Major re-development of ECJSC commences.
1938
- Ammunition production starts.
1940
to 1945 - During World War II, ECJSC faces serious financial difficulties.
1948
- Nationalization of private property transfers all Romanian enterprises
to Government ownership.
1953
- Production of Fuel Injection Equipment (”FIE”) commences.
1967
- MEFIN signs a ten-year licence agreement with BOSCH Germany for
in-line FIE manufacture.
1969
- MEFIN signs a licence agreement with LUCAS-CAV U.K. (now part of Delphi) for
rotary FIE manufacture.
1970
to 1980 - Significant development of MEFIN due to investment-oriented
policy of the Romanian Government.
1982
- A 20,000 sqm manufacturing facility is built, doubling existing
FIE manufacture capacity.
1989
- Ceausescu regime is toppled; Romania commences a transition from
a centrally-planned, state-owned economy to a free-market, capitalist
system.
1995
- The Romanian Government commences the privatization process of
MEFIN.
1997
- MEFIN achieves the ISO 9001:1997 quality certification from SGS
- Belgium.
1997 - MEFIN
becomes member of ADS (Association of Diesel Specialists, based
in North Carolina, USA).
2002 - After several
failed privatization attempts, the Walbridge Group, based in Detroit,
Michigan, USA, announces its intent to purchase MEFIN.
|
