Mecanica Ceahlau S.A. Reports Earnings Results for the First Quarter Ended March 31, 2020

Mecanica Ceahlau SA is a Romania-based company engaged in the manufacture of agricultural machinery. The Company’s portfolio includes soil preparation machines, including reversible and conventional ploughs, disk harrows, compactors and machines for breaking up soil; seeding machines, such as pneumatic sawing machines for straw cereals, seed drills for raw crops and for unprocessed soil; machines for herbicide and fertilization; machines for crop maintaining, such as cultivators and rotary tillers; irrigating machines; harvesting machines, such as press ballots, corn harvester and machine for destruction of vegetables scraps; machines for potato cultures, and household equipment, such as threshing machines for corn. As of December 31, 2011, SIF Moldova SA held a 55.10% stake in Mecanica Ceahlau SA.