The company’s profit stood at almost RON5 million in 2020, and the profit margin at 30%. The COVID-19 pandemic therefore influenced Coramed’s financial results, since demand for masks and medical equipment rose at the onset of the pandemic and then masks became mandatory.
Coramed has a manufacturing facility in Calan, Hunedoara County. Its number of employees went up from 50 to 78 in 2020, according to publicly available data.
Coramed’s customers are hospitals, clinics and individuals and the company also works with pharmacies and sells its masks and medical products online. It was one of the first companies in Romania to start making masks amid the international shortage of protective gear.
(English version by Loredana Fratila-Cristescu)