“Although complicated, we believe the current situation to be temporary and we resumed investment plans for the production and distribution center in Bucharest,” says Adrian Porfir, the manager of the Romanian subsidiary of Joris Ide.
Joris Ide has only one construction material plant in Romania, in Buzias, Timis County.
The company’s exports from Romania took a hit due to restrictions and the problems caused by the pandemic in the neighboring countries, especially Hungary and Serbia.
“Six-month sales were about 16% lower than in the year-ago period. Some of our customers temporarily froze projects especially retail and office space ones and the terrible drought this year caused a halt of most investments of our agriculture customers.”
Things are recovering, he says, though slow.
Joris Ide posted 151 million lei revenue in 2019, 15% higher than in 2018.
Belgium’s Joris Ide group was acquired by Irish construction materials manufacturer Kingspan Group in 2015. Joris Ide used to operate as Megaprofil in Romania until a few years ago and then changed name to Joris Ide SRL.
(English version by Loredana Fratila-Cristescu)