“Sales in Romania and Moldova made up 80 percent of the total, 18 percent higher, but below our estimates, which targeted a 20-25 percent rhythm, with the real estate market stagnation affecting the construction market. In any case, the results very good good, and in the first nine months we exceeded total sales in 2007, which amounted to €23.3 million,” according to a statement for Business Standard by Adrian State, General Manager of Den Braven Romania.
The company, which began producing polyurethane foam in its Buftea-based unit last year, expanded its exports in the June-September period to the markets of Saudi Arabia, Egypt and Central Asia, while foreign markets in the first quarter were Austria, the Czech Republic, Poland, Greece, Hungary, Ukraine, Bulgaria, Georgia, Turkey and Syria. The increase in sales from exports advanced over 25 percent this year. State added that the sales of polyurethane foam, the company’s main product, advanced 30 percent in 2008.
Den Braven Romania is forecasting 50 percent turnover growth this year, to some €33-35 million, down from the €40 million initially forecast in January.
Main professional sealants competitors in Romania are Den Braven, Henkel, Selena Romania, According Group Iasi and Temad Brasov.
