Atlas Corporation comes close to 50 million euros

Producer and construction supplies distributor Atlas Distribution, a Greek-held company, estimates a 45% increase in turnover for this year, to 47 million euros, a result of the increase in consumption of construction supplies. “The development of the construction market, along with the launch of new products, will be the main factors that will lead to an around 45% increase in the sales of the company,” stated Nicholas Stamboulis, one of the Atlas Corporation shareholders. According to representatives of the company, the sales of construction supplies amounted to 20 million euros last year. The commercial segment accounted for the largest share of the total sales, with around 70%. The company completed a 5.5 million-euro investment to build an expanded polystyrene factory in Tunari area north of Bucharest. The facility will have an annual production capacity of 150,000 cubic metres and will begin production this year. The company estimates it accounts for 30% of the Romanian expanded polystyrene market this year. “The market of expanded polystyrene is expected to increase by around 30-40% each year, driven by the necessary rehabilitation works on existing buildings, with the market currently valued at around 6 million euros,” stated Dimitris Nikolakis, Atlas Corporation’s development manager.