The increase in Cemacon sales was due to increasing the production capacity by reopening the line in Zalau, consolidating the position on the market in Transylvania and the sales policy targeting distributors and small and medium clients, along with approaching customers in rural areas.
For 2016, the company targets an increase of at least 10% in its turnover.
In 2015, Cemacon completed its business restructuring process, which started 2010. In March 2015, it signed new credit contracts which restructured its debt of over EUR33 million, and in September, it took place the EUR13 million worth debt-for-stock swap.
Cemacon’s main shareholders include Business Capital for Romania – Opportunity Fund Cooperatief (The Netherlands) and KJK Caramida Bucuresti, each holding a 27.9% stake.
Cemacon’s competitors on the profile market include, among others, Wienerberger, Brikston, Siceram and Soceram.