$2m profit for Cesarom

Ceramic tile and sanitary ware manufacturer Cesarom Bucharest controlled by Hungarian Zalakeramia Rt. concluded 2003 with 450 million forints ($2 million) profit, according to Zalakeramia’s annual report. The Romanian branch produced 4.5 million square metres of ceramic tile, the same as in 2002, while the sanitary ware output reached 501,330 units, down 11.6% from the previous year due to delays in maintenance works and to the temporary closing of the Cesarom factory in August. Zalakeramia, which is the leading producer and exporter of ceramic tile on the Hungarian market, holds 98.67% in Cesarom, the capital of which reaches $18 million. Mediafax