“Right now, there are several smaller projects whose beneficiaries stopped the investment, but the major investors have not halted investments, things are going ahead. I think the panel market will not see decline, but I also hope it will grow, and we can definitely say it will stay the same. I don’t think the industrial part of the construction sector will stop or see abrupt decline. Orders keep coming in and the activity can continue,” Toni Pera said on ZF Live.
First quarter results of Isopan Est were better than expected, but the second and third quarters are uncertain due to the current crisis, the executive says.
Isopan posted EUR52 million sales in Romania in 2018, almost 30% higher than in the previous year, according to ZF’s calculations based on the data supplied by the company and those published on the Finance Ministry website. Isopan has six production facilities in the world in Italy, Russia, Spain, Romania, Mexico, and Germany.
(English version by Loredana Fratila-Cristescu)