Synergy starts African expansion with Libya office, focuses on local energy and environmental projects
Synergy Group, owned by expats Savas Gunata and Huseyin Karali, has expanded to Libya, where it has recently opened an office and where it currently tenders for large state projects. The expansion is part of the group's strategy to add new countries to its geographical coverage. Synergy Group, with its core operations in Romania, where the two shareholders have been working before starting the group, has seen a slowdown of activity in the country, so it decided to expand, instead of narrowing down activities. The Libya subsidiary could bring the group revenues of a couple of hundred million dollars in the following two to three years, according to its estimations. Umut Guney is Synergy's Libya country manager, leading a team of ten people in the Tripoli office. This is not the only area where the company plans to expand. It is actively looking at the Middle East and Africa as target markets, according to Noyan Kirman, business development officer with Synergy. The group also puts its hopes high for a tender in Georgia in the energy sector. In Romania, the company focuses on energy and environment – related projects, including wind farm projects. The company has recently signed a contract and started to work on the renovation of Rompetrol's refinery in Constanta, according to Kirman. Another project Synergy is working on is the CET Turceni Desulphurisation plant in Craiova (in picture). Works on the Procter & Gamble production facility in Urlati also keep Synergy busy. The Synergy Group includes construction company Synergy Construct, MET Engineering, active on mechanical and electrical works and MEP Construct, which is a general contractor for smaller projects. Corina Saceanu, corina@romania-insider.com
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