The local subsidiary of Dutch polyurethane foams and adhesives producer Den Braven posted EUR 30.8 million in sales last year, down 8 percent on the previous one.
“These are very good results for a crisis period, if we set ourselves against the drop in the construction segment. Otherwise, we could have kept our sales at the 2008 level because we had enough orders, but due to cash collection issues we have decided to select our clients carefully and stop delivering to companies we didn’t trust to pay their bills,” said Adrian State, general manager of Den Braven Romania.
The company sold EUR 15.4 million of polyurethane foams, which was up 15 percent on the previous year. Sales of construction materials dropped by 30 to 50 percent in Romania last year, according to Den Braven.
The company increased its exports of polyurethane foams, having made EUR 10.6 million in sales from these products, which was up 43 percent.