“The year 2013 ended with 1,000 employees at Sortilemn,” the company representatives said.
Sortilemn’s results are in line with the initial projections of the company, which was expecting an increase in orders and new contracts. After the first half of 2013, business was up 12%.
Exports generate 99% of the company’s revenue and customers are IKEA, Stokke (Norway), Holsag (Canada), Elano (Norway) and ForaForm (Norway). The company had 28 customers in 2012.
Its biggest customer is IKEA, to which it delivers about half of its production. Sortilemn is one of the 40 local suppliers of the Swedish furniture retailer.
Sortilemn is also one of the oldest furniture plants in Romania, established in 1961. The plant was privatized in 1999 and has seen EUR20 million investment ever since.
“At the time of privatization the revenue stood at EUR4 million only to reach EUR35 million in 2013,” Sortilemn officials said.
Last year, the company expected to about EUR5 million to EUR6 million revenue from sales of coat hangers to IKEA after investing in Gherla, Cluj, EUR9 million in a coat hanger plant.
(English version by Loredana Fratila-Cristescu)