Reynaers Aluminium Romania forecasts a 15 percent increase in turnover for 2016, to EUR 8 million, after ending last year with a EUR 7 million turnover, according to a company statement, a whopping 75 percent above 2014.
This was sustained by increases in exports, the company says, but also by the opening of its first warehouse in Bucharest and team expansion. Reynaers reached a 15 percent market share.
“For the current year we rely also on an increase in the company’s business of some 15 percent to EUR 8 million, due to the strategy aimed at increasing the number of customers, strengthening the existing partner network and of the distribution channel created in 2015 through the opening of the deposit,” stated Daniel Popa, country manager of Reynaers Romania.
With the local aluminum joinery market advancing by 10 to 15 percent in 2015, company representatives hope for a maintained positive trend.
“The launch in residential projects and increasing funds allocated to office projects will have this year a positive impact on market developments of aluminum joinery. This way, in 2016 we rely also on increases in value and volume by at least 5 to 6 percent compared to 2015,” added Daniel Popa.
Reynaers Aluminium Romania, part of European group Reynaers Aluminium, activates on the local market since 2006 and includes in its portfolio construction works such as Afi Park, Metropol Offices, Oregon Park, Brasov Businee Park, Promenada Mall and Cluj-Napoca Airport.