Romanian Pasmatex Timisoara expects its sales revenues to stagnate in 2010
2010-07-11
The Timisoara-based clothing and textile manufacturer Pasmatex expects sales revenues of €4.2m this year, a similar value to 2009, according to the company’s management. In 2009 the manufacturer saw its sales revenues drop from €5m posted in the previous year. Pasmatex currently employs about 400 people. However, the company’s management is debating letting go of 120 workers. Moreover, it also plans to relocate its weaving mill outside Romania. Possible, cheaper locations include Macedonia, Serbia or the Republic of Moldova.
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