The sales of Tecar’s group were largely influenced by the trend of the building materials sector, which is still affected by the difficult economy.
“We got very low margins for our finished steel products compared to the raw material used in the first half. On the other hand, the uncertainty induced on the market led to a significant decline in consumption and investments,” said Tecar.
The businessman built MG-Tec through successive acquisitions, mostly of companies on the verge of bankruptcy. His business includes construction supplies, steel products, tissue paper and paper product operations. (EUR1=RON4.271)
(English version Loredana Fratila-Cristescu)