Romanian Dailyhttp://romaniandaily.ro/cat30813fresh business news about Romaniahttp://romaniandaily.ro/cat308132010-07-30T01:04:16+00:00Romanian DailyenFabryo turnover up to 13 million euroshttp://romaniandaily.ro/cat30813/art7128477422/
"The growth in turnover in the first six months was triggered by the launch
of our new product, the teflon-based Savana paint, and by the development of
the construction market and rural tourism," said Marga Alexe, marketing
manager of the Fabryo Corporation. Washable teflon-based paint is highly
stain resistant, as stains cannot penetrate the coating and, thus, can be
removed very easily.
Company representatives expect the growth rate of sales to keep up
throughout the second half of the year, due to products launched in
partnership with the American giant DuPont, the world leader in the
production of white pigment for paint, paper and plastic.
On the varnish segment, where the Savana brand is active, Fabryo sales in
the first half went up 28% against the same period last year. Similar growth
was seen on the segment of washable paint, where sales went up 25% against
the first six months of 2005.
"Washable paint had the most spectacular results, due to the launch of the
new product, the Savana, with a teflon Surface Protector. The product was
created and launched in partnership with DuPont, and we are to team up again
in the future for other new products," says Alexe.
In addition to the washable teflon-based paint, Fabryo has also created a
teflon-based wood varnish with DuPont.
"The increasing numbers of holiday homes, which are built mostly of wood and
wood decorative elements, as well as the new trend to build gardens with
pavilions and wooden benches have been the drive behind the 33% growth in
varnish sales," specifies Alexe.
Fabryo has signed a five-year agreement with the Americans at DuPont.
The company's growth became more prominent this year, when the Swedish
investment fund, Oresa Ventures, acquired 49% in the varnish and paint
producer Guzu Chim, which became the Fabryo Corporation following a
rebranding process.
Recently, the company has positioned itself among the top players on a
competitive market that has annual sales estimated at 140 - 150 million
euros. Its main rivals are K?ber from Piatra Neamt (another family
business), Policolor Bucharest and Dufa Deutek, a business that became part
of the Advent investment fund portfolio last year.
The company announced it would invest some 4 million euros this year to
finalise the construction of a plant that is located on a six-hectare plot
in the town of Popesti-Leordeni.
"In the first half of the year, we have invested 2.4 million euros in
completing projects already underway," explains Alexe.
source ]]>2006-07-27T08:07:00+00:00Varnish and Paint MarketIulianBulandraAzur sells 7% more painthttp://romaniandaily.ro/cat30813/art0664336582/
However, the company officials estimate that growth will be bigger in the
second half of the year, given the broadening product portfolio. The company
last year posted 10% turnover growth year-on-year, up to 11.1 million euros.
Early in the year, Azur management had estimated that turnover would reach
13.5 million euros in 2006.
"Though the first three months are not significant in terms of figures,
given the seasonal character of sales of decorative paint, the first
indication of growth emerged as soon as March, once we launched the new
product portfolio," Eugen Niculescu, marketing manager of Azur Timisoara,
told ZF Transilvania.
He chose not to provide any data on the projected growth of turnover during
the second half of the year, but specified Azur would reach a market share
of around 6% this year.
In recent years, the Timisoara-based company has seen constant growth,
primarily generated by the rising sales on the foreign market. Thus, while
in 2003 Azur's exports accounted for only 15% of total production, last
year's exports doubled, with the company's management expecting exports to
account for 25% of turnover this year. "The main objective for this year is
related to expansion on the foreign market and to increased distribution,"
Eugen Niculescu said.
Since 1999, investments in Azur Timisoara have amounted to approximately 7
million euros. They were meant to improve technological aspects and
know-how, but were also aimed at human resources and environmental
protection, areas that are also important for the Timisoara-based producer.
This year, Azur will invest 170,000 euros in environmental protection and
production technology. Particularly addressing furniture manufacturers and
firms operating in the civil and industrial construction markets, Azur's
main customers are domestic and foreign companies, tyre manufacturers and
furniture producers.
On the domestic market, the firm has a good working relationship with the
Bricostore and Selgros networks. "We want to strengthen our collaboration on
this segment, and by the end of this year we plan to enter talks with other
stores as well," Niculescu also said.
Azur started operating in 1844 in Timisoara and in 1999 ICC Industrie InC
NY bought the majority stake of 86.7%, with the rest of shares (13.3%) being
held by natural and legal persons.
Azur Timisoara
A branch of ICC Industrie INC New York
In H1 posted turnover worth over 4.7m euros, up 7% from the
corresponding period of last year
Growth is expected to be bigger in H2 amid the development of the
product portfolio
In recent years the company has enjoyed constant growth, primarily
triggered by rising sales on the foreign market
Since 1999 has invested around 7m euros in technological
improvement, as well as human resources and environmental
protection.
]]>2006-07-18T06:50:00+00:00Varnish and Paint MarketIulianBulandra“dufa Romania” becomes “dufa DEUTEK”http://romaniandaily.ro/cat30813/art6598651747/
source
]]>2006-06-15T09:05:00+00:00Varnish and Paint MarketIulianBulandra Romania's Guzu Chim Spends Further €4m On Paint Unit, Renames Organization Fabryo Corporation http://romaniandaily.ro/cat30813/art3034291144/]]>2006-06-05T07:46:00+00:00Varnish and Paint MarketIulianBulandra A New El Dorado For Investment Funds http://romaniandaily.ro/cat30813/art2397419346/2006-05-29T06:05:00+00:00Varnish and Paint MarketIulianBulandraPolicolor losses at 148.000 lei http://romaniandaily.ro/cat30813/art9160788315/
Policolor projects a net profit of 5.46 million lei for this year, down from
14.2 million lei the company reported for 2005. It has earmarked 5.44
million lei for investments this year.
source ]]>2006-05-17T14:23:00+00:00Varnish and Paint MarketIulianBulandra Dufa Profit Triples After Office Building Sale http://romaniandaily.ro/cat30813/art4050319687/2006-05-03T08:54:00+00:00Varnish and Paint MarketIulianBulandra Sarcom Sees 8 Million-euro Turnover http://romaniandaily.ro/cat30813/art0388837272/2006-05-02T06:45:00+00:00Varnish and Paint MarketIulianBulandraOresa Ventures to buy Guzuchim shareshttp://romaniandaily.ro/cat30813/art7574076380/
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.
source ]]>2006-05-02T05:57:00+00:00Varnish and Paint MarketIulianBulandraOrgachim to tweak product exchange contract with Romania's Policolorhttp://romaniandaily.ro/cat30813/art1724113076/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.
source ]]>2006-04-17T06:54:00+00:00Varnish and Paint MarketIulianBulandra