Articles in category Varnish and Paint Market
Varnish and paint producer Fabryo Corporation posted turnover worth 13
million euros (46 million RON) in the first half of the year, an
approximately 22% increase from the...
Timisoara-based paint producer, Azur, a branch of ICC Industrie INC New
York, in the first six months of the year registered turnover worth over 4.7
million euros (17.1...
Romania’s largest producer of decorative paints “dufa Romania” SA will
become, as of this June, “dufa DEUTEK” SA. The brand logo will include
DEUTEK, a portmanteau word incorporating...
Romanian paint producer Guzu Chim said on Wednesday is to invest about €4m
($5.1m) this year on finalizing work at a 250 tonne/day (91,250 tonne/year)
paint production facility....
One of the most competitive construction materials sectors, the paints and
varnishes, will see sales reach 260-270 million euros by 2010, approximately
70% more compared with the level...
Romanian paint and varnish producer Policolor turned to a loss of 148,300
lei ($53,400 /41,200 euro) for the first quarter, from a 1.07 million lei
net profit for...
Dufa, the paint and varnish producer, last year derived net income worth 4.4
million euros, enjoying the highest profit margin in the entire industry.
Sarcom Ramnicu-Valcea paint and varnish producer projects turnover growth by
20 percent, to 30.7 million RON (8.5 million euros) for this year, according
to the company's representatives.
The investment fund Oresa Ventures will take over an important number of
shares of decorative paints producer Guzuchim, worth nine million euros,
announced the two companies on Monday.
Oresa will receive shares in exchange for a capital contribution and the support for Guzuchim expansion and development plans, shows a statement of the two parties. Part of the investment will be oriented towards the completion of a new production unit and the extension of the national distribution network.
The two parties did not reveal the number of shares to be taken over by Oresa. The General Manager and Guzuchim main shareholder Daniel Guzu stated in February that 40-45 percent of the shares would be sold.
Guzuchim is one of the top three Romanian producers of decorative paints, having a market share of 18 percent and a turnover of 25 million euros in 2005.
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Oresa will receive shares in exchange for a capital contribution and the support for Guzuchim expansion and development plans, shows a statement of the two parties. Part of the investment will be oriented towards the completion of a new production unit and the extension of the national distribution network.
The two parties did not reveal the number of shares to be taken over by Oresa. The General Manager and Guzuchim main shareholder Daniel Guzu stated in February that 40-45 percent of the shares would be sold.
Guzuchim is one of the top three Romanian producers of decorative paints, having a market share of 18 percent and a turnover of 25 million euros in 2005.
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The shareholders of paints and varnish producer Orgachim will vote June 14 on a proposal to amend the
framework agreement with Romanian sister company Policolor, lifting the
previous cap on the goods that the 2 connected companies can exchange.
The agreement was signed in 2003 and was reviewed each 12 months.
Orgachim and Policolor are owned by Malta-registered Whitebeam Holding.
The shareholders will also review a proposal to cover a 5.207 mln lev loss incurred last year with money form the company's reserves. Orgachim's '05 bottomline was messed up by the 8.32 mln levs that the company had to provision in connection with an ongoing litigation involving the State Receivables Collection Agency over a ZUNK loan.
The ZUNKs are long-term government bonds issued in 1994 to transform the non-performing loans of government enterprises into government debt.
If Orgachim wins the lawsuit, the provisions will be reintegrated in the profit and loss account of the company.
Orgachim posted net sales of 73.4 mln levs in 2005, up from 56.29 mln levs.
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The agreement was signed in 2003 and was reviewed each 12 months.
Orgachim and Policolor are owned by Malta-registered Whitebeam Holding.
The shareholders will also review a proposal to cover a 5.207 mln lev loss incurred last year with money form the company's reserves. Orgachim's '05 bottomline was messed up by the 8.32 mln levs that the company had to provision in connection with an ongoing litigation involving the State Receivables Collection Agency over a ZUNK loan.
The ZUNKs are long-term government bonds issued in 1994 to transform the non-performing loans of government enterprises into government debt.
If Orgachim wins the lawsuit, the provisions will be reintegrated in the profit and loss account of the company.
Orgachim posted net sales of 73.4 mln levs in 2005, up from 56.29 mln levs.
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