Rettig, largest radiator importer on local market, budgets 13m-euro sales

Rettig, the largest importer of radiators on the Romanian market, estimates its 2009 sales will keep their upward trend, although at a lower pace, even though the real estate market is currently on a decline. Rettig Romania, the local subsidiary of the European radiator manufacturer Rettig ICC Group, estimates this year’s sales will be at least similar to those recorded in 2008, although the volume of transactions on the real estate market has gone down significantly. The main brand distributed by Rettig in Romania is Purmo. Rettig Romania posted turnover worth around 11.5 million euros last year, up 50% on the preceding year. During this period, the majority of orders on the local market have come from real estate developers of residential complexes and office building developers. In 2009 Purmo sales could amount to 13 million euros if the real estate market gets going again.