Considered one of the big taxpayers of the economy of Galaţi, the Profiland-Intfor group of companies, managed by businessman Andrei Lişinschi, is among the victims of the economic crisis. Thus, while in 2008 the owner of Intfor-Profiland Galaţi was presenting his new investments: a line for dying the thin sheet metal used in manufacturing metallic roofs and a line of composite aluminum panels for facades, last year the two companies lost over 12 million dollars, being close to bankruptcy.
Andrei Lişinschi explained: "Lack of capital and of financing led to a chain reaction of problems for us. The crisis in 2009 and a little in 2010 have led to a significant loss for us and we are now recovering with extreme difficulty. Because of these losses, our lending threshold has increased, and insurance companies did not want to vouch for us. We had new orders constantly, but due to lack of money we were unable to by raw materials".
* Losses of 6 million lei at Intfor
In 2011, Intfor Galaţi reported a loss of 6 million lei, as it had returned to profitability in 2010 (approximately 800,000 lei, ed. note) after the loss of over 21 million lei recorded in 2009, according to the balance sheet presented by the Ministry of Finance. The company's turnover also saw a dramatic contraction. Last year it reached less than half of what it was in 2010 (49 million lei compared to more than 113 million lei). As the company's problems increased, the businessman was also forced to let go some of his employees meaning that in 2011 Intfor only had 198 employees compared to 256 one year earlier.
* Profiland lost 10 million lei in one year
Profiland Galaţi whose main line of business is the production of tubes, pipes, tubular profiles and accessories posted a net loss of 6.2 million lei in 2011 compared to the net profit of approximately 4 million lei it had repo
