The company expects its exports will also grow in 2020 and will account for 10% of total sales.
Lasselsberger Ceramics Romania plans to invest over RON9 million this year in enhancing production capacity.
In 2019 the group of companies consisting of Sanex SA and Lassenberger SA posted a turnover of RON158 million. The company expects growth will continue in 2020. It also expects a higher profit after its 2019 earnings suffered an impact of RON8.5 million due to the tax decree 114/2018 which raised the cost of energy services.
Company officials expect the local ceramic tile market to decline 10-15% this year due to the pandemic.
The company plans to invest RON9 million in automation and optimization of production line sin its Sanex factory in Cluj. The factory has an annual production of 8 million square meters of ceramic tile and exports its products to Austria, Bulgaria, Czech Republic, Iceland, Moldova, Sweden and Hungary. Exports currently account for around 5% of total sales.