Romania's Thermopane Market Seen At EUR350M In 2011
Romania's thermopane market could decline in value to EUR350 million this year, from EUR500 million in 2010, and the best case scenario points to an overall value of EUR400 million, Tuesday said Valentin Petrescu, president of thermopane maker association PPTT.
Petrescu said the market saw a dramatic decline since the beginning of the economic crisis, and sales could drop to EUR350-400 million this year, from EUR1 billion in 2008.
He added that the number of companies and employees dropped by 45% on this segment, and medium-sized companies took the brunt of the blow.
According to Petrescu, the companies proposed a national program, “The Thermal Insulating Window”, which would have generated sales of EUR500 million, reduced unemployment and diminished tax evasion, while also boosting budget revenue.
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