Business Of Glass Manufacturer Gecsat Down 16%

Date: 22 December 2006
Source: ZF reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

"We saw a drop in our turnover due to the increase in the price of methane gas in the first half of this year and to the drop in exports by some 25%.

We have, however, managed to lower this deficit thanks to the launch of expanded polystyrene and of adhesives for construction on the market this summer. We have orders for the production of drawn glass for our business partners in the US, the Netherlands, Germany and Italy," Cristian Margineanu, general manager of the company, told ZF.

Exports account for over 50% in the total turnover of Gecsat.

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600450 Business Of Glass Manufacturer Gecsat Down 16%
Date: 22 December 2006
Source: ZF

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