The company expects full-year revenue to amount to more than EUR120 million, because of market growth.
“We saw sales growth in the first half because of the trend of the market and the consolidation of Kastamonu’s position on the markets on which it operates. We expect the upward trend of the market to maintain in the second half, something that could be supported by the overall domestic economy and by the favorable climate in some European Union countries,” Mihai Suciu, regional sales manager Kastamonu Romania told ZF Transilvania.
The company makes high-density fiberboard (HDF) used in door skins in its plant in Reghin, as well as particleboard and Technotop-branded kitchen countertops.
The company completed a EUR8 million investment in a kitchen countertop manufacturing line this year. The new line will have a monthly capacity of about 30,000 countertops. The company officials say this is the first such production facility of the Kastamonu group and the only one in Romania.
The Technotop countertops will be sold in Romania and exported to customers abroad, Suciu said.
Kastamonu Romania ended 2013 with more than 464 million lei (EUR105 million) revenue and 856 employees, according to the Finance Ministry website.
(English version by Loredana Fratila-Cristescu)