VAILLANT: Increase of replacements percentage on thermal heating market

The sales accomplieshed by the supplier of heating systems, Vaillant Group Romania, in the first nine months of this year, increased by 5% compared to the same period in 2013 and this dynamic has been estimated to maintain until the end of 2014 and 2015. According to the Portal of the Ministry of Finance, the local subsidiary of the German group Vaillant had a turnover of 69 million RON (about 15 million EUR) last year. Vaillant Group Romnia was founded in 2004 and currently has 47 employees (working in the company office in Bucharest) and a network of 100 direct partners. The German group to which it belongs is headquartered in Remscheid, had 12,000 employees and a turnover of 2.4 billion EUR in 2013.