Savini Due reported sales of RON51 million for last year and expects turnover will rise 5% in 2013.
“The evolution of the market was predictable. Blockages in the construction sector caused the bathroom furniture market to stagnate, Savini said, adding that no significant development will be witnessed in the upcoming period.
The company’s main clients are do-it-yourself retailers Ambient, Dedeman, Baumax, OBI, Hornbach, Praktiker, Leroy Merlin and Romstal.
Savini Due is currently extending its plant in Sebes, Alba county, and the EUR3 million investment, which will double the plant’s production capacity, will be completed this year. The investment is financed with the company’s own revenue resources and loans from BRD and UniCredit.
Currently, the plant manufactures about 8,800 pieces of bathroom furniture per month and 55% of production is exported.
Company representatives said investments in extending the plant will continue in 2015 and EUR2 million will be earmarked for the project.
The 40 largest furniture makers in Romania registered aggregate sales of over EUR800 million in 2012, according to a ZF analysis based on Trade Registry data.
Last year, Savini Due was Romania’s 22nd largest furniture maker by turnover.