TS LOCKS: Investment of one million euro to strengthen logistics

The window hardware supplier TS Locks Distribution, with the headquarters in Bucharest, reported for 2013 a turnover of 2.1 million EUR on this segment. The sales remained at the same level as in the previous year, reflecting a stabilization of business as a result of the measures implemented by the management team of the company in the past years. For 2014, the marketing plan forecasts an increase of sales placed between 15% and 20%, which will be a direct consequence of intensifying actions to strengthen its market share and, also, the completion of a new investment, which will have as a result an improvement of the company's logistics. Decision to allocate funds of about one million euro to build a warehouse with an area of 2,500 square meters and an office building reflects the confidence that the market will grow again in the next period, even the prospects for the near future indicate that only companies addressing an integrated strategy of development would have real chances to survive the current economical challenges. Referring to the short-term outlook concerning developments in the local construction sector, general manager TS Locks, Adrian Demusca show a realistic optimism. The construction activity is inextricably linked to the dynamics recorded in the thermal insulating joinery and with the segment of the hardware systems. Unfortunately, in this period the funds to support the government program "First House" have nearly exhausted, this being virtually the only financial source that sustain the demand in the field. Nearly 80% of the work done in these days is financed from such funds and a premature exhaustion would be a major problem, given that the activity is not supported by banking institutions with the resources they have available. The experience shows, however, that the chances for allocation of additional public funds in that category are quite important, so it is likely that the blockage to be avoided, as it happened in recent years.