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BUCHAREST (Romania), July 6 (SeeNews) – Romanian furniture maker Rus Savitar said on Wednesday it plans to open three stores by 2017 and sees this year's turnover up 20% following investments made in the previous year.
The company has invested 1.5 million euro ($1.65 million) in its biggest store upgrade in Bucharest and plans to open three more stores with an area of over 6,000 sq m each in Timisoara, Cluj and Brasov.
The new store has created 50 new jobs and is the 30th unit in its own retail network, Casa Rusu.
"For the current year, with the inauguration of new locations, we estimate that the company's business will advance by approximately 20% to over 51 million euro," company owner Cristian Rusu said in a press release.
In 2015, Rus Savitar invested 3 million euro in two new logistics centres and another 5 million euro in new production lines for the melamine furniture factory in Dudestii Noi, Timis county, western Romania.
Currently some 15% of the total production of 25,000 seals per month and 10,000 sets of upholstered furniture per month are exported to countries such as The Netherlands, Belgium, Switzerland, France, Bulgaria, Slovenia, Slovakia, Iraq, Qatar, UAE and Japan.
The company began operations in 1994 and is now one of the largest furniture manufacturers in Romania. It operates three factories in Western Romania, where it makes chipboard and upholstered furniture. Currently, its retail network, Casa Rusu has a network of 30 stores, of which 12 are franchises.
($= 0.9047 euro)