Lipoplast increases turnover estimates to 7.5m euros

Timisoara-based Lipoplast, a glass producer, processor and maker of PVC trim, has generated a turnover worth around 3.4m euros in the first half of this year, up 45% against the same period last year. “Turnover growth in H1 was triggered by a significant rise in demand for thermo-insulating trim, as well as a boost in sales due to the booming real estate market and the improved standards of living throughout the population. Considering these factors, we expect the sales volume to exceed 7.5m euros by the yearend, even though our calculations at the start of the year considered a turnover worth 6.7m euros for 2007,” stated Ana Maria Marius, sales manager at Lipoplast. Exports weigh around 30% in the overall sales registered by the Timisoara-based company. For this year, the company has budgeted investments worth 2m euros, which are aimed at the acquisition of a new trim processing line and the modernisation of a production hall. In 2006, the company invested capital in order to develop its technologic system and thermo-insulating glass processing system.