The entrepreneur took the chief executive duties at the beginning of this month and has since hired 170 people. Prefab’s headcount should increase to more than 400 people by the month’s end.
“We have RON20 million lei contracts for precast concrete products, some of which in progress and some about to be signed or in the processing of bidding. The AAC (autoclaved aerated concrete i.e.) production is 60% contracted,” Milut said.
The businessman is optimistic about the trend of the construction materials market in 2015 and expects 5% to 10% growth especially on the precast concrete product, sewer system and road infrastructure segments.
“All the years with mild winters are better years and the cement and iron producers will see the growth, too. I think the real estate area will see a reboot this year after having built nothing but malls for years. 2016 and 2017 are regarded as years of economic growth worldwide and the money is starting to move.”
Prefab Bucuresti’s market capitalization stands at RON76.6 million lei. (EUR1=RON4.4459)
(English version by Loredana Fratila-Cristescu)