Romania’s Depaco-Wetterbest opens new showroom

Roof tiles producer Depaco-Wetterbest, part of Romanian plastic products manufacturer TeraPlast Group [BSE:TRP], said on Monday it opened a new showroom in the city of Brasov, according to SeeNews.com.

The showroom is Depaco Wetterbest’s third in Romania, after the those in Cluj-Napoca and Timisoara, the company said in a press release.

“The opening of this showroom in Brasov is part of our strategy of being closer to the end customer and is in line with our medium-term objectives of increasing our market share and brand awareness,” Depaco-Wetterbest general manager Marian Pirvu said.

Depaco-Wetterbest registered a 45% annual increase in metal tile sales in the first quarter of this year. Also, the company delivered over 738,000 sq m of tiles in the first quarter of 2019, up from 507,000 sq m in the same quarter of last year.

Last month, TeraPlast group increased its equity stake in Depaco-Wetterbest by 32%, reaching 99% ownership. The group will pay 5.1 million euro ($5.73 million) for the 32% stake by December 2020.

With this stake included, the group’s total investment in Depaco has reached 17 million euro.

In 2019, the company targets an 18% annual increase in turnover to 55 million euro and a 51% annual growth of EBITDA to 4.6 million euro.

 

Read more HERE

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *

2 + thirteen =