Cemacon Zalău (CEON) brick producer, whose main shareholder isBroker Cluj (BRK), plans to double its sales next year and takeover the leading position on the ceramic block market after havingcompleted a 28m-euro investment in a new plant about which it saysis the biggest production line in Eastern Europe.
However, the company now holds 26m-euro banking debts.
Works for the new plant started in 2007, when the real estatemarket was booming, but in the wake of the strong decline it hasregistered in the past two years, Cemacon sales dropped by 40% lastyear and by a further 35% in the fist half of 2010, to 9.7m RON(2.3m euros).
"Our current strength is linked to the rising production capacityand the significantly lower production prices as a result of theinvestment in the new line, an increase doubled by improved productquality and optimised production costs. We're a company in fulldevelopment, with our management strategy focusing now on expandingour market share, on organisational restructuring and on theimplementation of a sustained policy of employee development,"stated Liviu Stoleru, general manager of Cemacon.
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