Romstal sees 120m-euro turnover

Romstal predicts a 20% growth of its turnover for this year compared to the value seen in 2005, when it stood at over 100 million euros, stated Dan Obejdeanu, sales manager of Romstal. “The increase in turnover will be the result of an increase in the number of stores and of the expansion of our sales network, as well as of a diversification of our products,” Obejdeanu explained. Romstal will open a new outlet in the capital city this year and about 20 stores nationwide. The company representative did not wish to provide details on the value of these investments. Among the products to hit the market this year are new models of floor-tiling and wall-tiling products, lighting products, radiators and sanitary ware. The year 2006 will also see an increase in the company”s storage capacity, as new warehouses covering over 5,000 square metres will be built in Bucharest and Deva. According to Obejdeanu, last year”s top sellers were central heating boilers, sanitary ware and pipes for installations. ZF