Romanian paints and adhesives producer Duraziv’s 34% turnover increase beats 2011 target

Building materials manufacturer Duraziv, owned by Romanian businessman Daniel Guzu (in picture), posted a turnover of EUR 18 million in 2011, up 34 percent compared to the previous year, when the company posted a turnover of EUR 13.5 million. The company’s initial target for 2011 was for a 30 percent rise. For 2012, Duraziv expects its turnover to exceed EUR 20 million.

The Romanian manufacturer’s sales of paint also went up by 11.5 percent last year, to EUR 2 million. “The paint division increased business significantly. We also managed to sell adhesives, both in the first two months of 2011, and at the end of the year,” said Daniel Guzu. In the adhesives segment, the increase in value was 35 percent, but as a volume, the increase was of 40 percent, according to the company. Adhesives represented one third of the Duraziv’s total sales. Duraziv was founded in 2003 and produces a range of building materials, namely adhesives, metal profiles, paints, interior fittings and exterior finishes, and complete waterproofing systems. The company’s adhesives division was opened after a EUR 8.5 million investment in a factory located in the Romanian city of Popesti-Leordeni. The total production capacity of the factory amounts to 200,000 tonnes per year. Irina Popescu, irina.popescu@romania-insider.com (photo source: the company)