The company’s profit also climbed, to RON53.4 million, three times the level of 2020, while the number of employees increased by ten.
“The 2021 turnover increase is due to the sustained demand on the market for therma-insulating panels and associated products in the portfolio, the soaring commodities prices, the over 100% higher sales of finite associated products and to rising exports,” say Topanel representatives.
Exports weigh 40% in the company’s turnover, being operated to countries such as Hungary, Slovakia, Austria, Germany, Belgium.
“In 1Q/2022 as well, our company maintains the same upward trend”.
Topanel has a plant in Ramnicu Valcea and in 2020 its representatives said a second plant in underway.
Romania’s sandwich panel market reached nearly EUR130 million in 2019, close to the 2007 level and 9% higher than in 2018, per data provided by officials of construction consulting firm Neomar Consulting.
(English version by Catalina Apostoiu)