Before the crisis, urban projects contributed 70% to brick sales, he added.
Stoleru estimates annual brick sales in Romania stand at about 1.8-1.9 million cubic meters, or some EUR60 million, VAT excluded.
Cemacon’s sales rose 40% by value and 36% by volume in the first seven months of the year. The company expects sales of 50 million lei (some EUR11.2 million) in 2013, 40% higher on the year.
Cemacon’s main competitors locally are Austrian brick maker Wienerberger and Ceramica Iasi.
Its main shareholders include investment fund KJK Fund SICAV-SIF (29.1%) and SSIF Broker Cluj-Napoca (13%).
On the Bucharest stock market Friday, Cemacon closed down 0.28%, at RON0.0362 a share. Considering this price, the company has a market capitalization of RON9.5 million. (EUR1=RON4.4771)