“2021 is challenging in terms of raw material availability. Another challenge is attracting employees with the right skills,” said Tiberiu Baraian, Ecolor deputy manager.
Ecolor ended 2020 with a turnover of RON304.5 million, down 5% on the year, and estimates a turnover of RON390 million this year.
Exports accounted for 99% of the company’s turnover in 2020. Ecolor exports mainly to IKEA stores and warehouses, and its products go to such countries as Germany, France, Belgium, Netherlands and Sweden.
The company had a profit of RON12.8 million in 2020, 13% higher than in 2019, and staff numbers dropped to 686 last year from 718 in 2019.
Ecolor has a production facility in Jucu, Cluj county, and was founded in 2005.
Ecolor is of the top furniture manufacturers in Romania. The local furniture manufacturing market reached EUR2.32 billion in 2019, the last available data, down from EUR2.49 billion in 2018. Until the beginning of 2020, furniture producers exported over 90% of their output.