Caromet SA
BBVB:ARMT2.94
RON
+0.10
(+3.52%)
Caromet SA
BVB:ARMT
(Bucharest Stock Exchange)
Recent
price
2.94
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div
yld
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ROIC.AI
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- Business
- Caromet SA is a Romanian industrial manufacturing and engineering company specializing in railway rolling stock components, heavy welded steel structures, and hydromechanical equipment. Founded in 1969 and headquartered in Caransebeș, Caraș-Severin County, Romania, the company operates as a key industrial unit within the Serviciile Comerciale Române (SCR) Group and is publicly traded on the AeRO multilateral trading system of the Bucharest Stock Exchange under the ticker symbol ARMT. The company operates across three primary business segments: Railway Rolling Stock, Industrial Metal Constructions, and Hydromechanical and Energy Equipment. Its core product and service portfolio includes locomotive bogies for electric, diesel-electric, and diesel-hydraulic locomotives, as well as bogies for passenger carriages, subways, and tramways; manufactured and overhauled wheelsets, mounted axles, and rolling stock spare parts; capital overhaul, inspection, and maintenance services for rail bogies; structural steel frameworks and welded assemblies for industrial buildings, refineries, and plants; steel superstructures and girders for railway and road bridges; hydromechanical and energy equipment, including hydraulic microturbines and boiler components for thermal power plants; and specialized metalworking services such as large-scale automated CNC machining, high-capacity drilling, and thermal spray metal coating. Caromet serves public and private transport operators, infrastructure development authorities, power generation plants, and construction contractors across Romania and broader European markets. In recent operational developments, Caromet secured a strategic modernization contract valued at over 5 million euros funded via Romania's National Recovery and Resilience Plan (PNRR) to deliver 68 fully equipped axles for the modernization of 17 electric locomotives (LE 3400 kW) operated by national rail passenger carrier CFR Călători through 2026. In addition, the company recently restructured its corporate governance, including leadership appointments to the Board of Directors and the extension of executive management mandates, to support its strategic operational focus on rolling stock manufacturing expansion and high-value railway infrastructure contracts.