company was established in 1948 by communist authorities than in power
in Romania as logging company under the name of IFET Orsova, with
area of work in Mehedinti County in Southwest Romania.
activity was extended to lumber production with construction of sawmill
in Toplet in 1987.
company was merged in Fagex Corporation Caransebes in 1994 and split
in two branches-Orsova branch and Turnu-Severin branch.
privatisation purposes, Fagex was divided in 1999 in 6 independent
companies, one of them being Cerna Forest Orsova.
privatisation, which took place in December 1999,when majority stake
was bought by a group of private investors, company name was changed