The building materials distributor Temad from Brasov, controlled by the Madar family, reached a turnover of EUR 52 million last year, up 3% compared to the previous year, and this year it estimates turnover of EUR 54 million, according to officials.
“We are seeing a relative contraction of our market (mainly the market for auxiliary construction and renovation materials) due to the slowdown in housing construction and the industrial segment, the reduction in consumption by individuals (smaller budgets for renovations and home repairs), said Florin Madar, the founder of the Brasov-based company. Furthermore, he said that there is increasing competition in the various segments in which it operates, but it is also facing rising supplier prices.
Temad’s plans for this year include an investment of EUR 12 million in a logistics center in Ghimbav, Brasov, as well as the expansion of the direct distribution network in the Moldavian area.