Rosko Textil hurt by dwindling demand in Europe

The Arad-based Rosko Textil company, the biggest player on the Romanian textile market, last year registered turnover worth 139 million euros (501 million RON), down 17% from 2004.

"The main factors that triggered the result were decreasing sales on the European market and the shrinking production in Romania because of China's entrance on the market of textile producers," stated Ioana Ciulica, the company's financial officer.

"The company does not have any outlets in Romania, with Rosko being considered by the group as a production centre. We have our own plant in Curtici Free Zone of Arad and work with 11 subcontractors," says Rosko Textil representative.



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