Group news archive
Tikkurila to establish a trading company in Romania jointly with Slovenian-based JUB
Following its strategy of growth, Tikkurila, which is responsible for Kemira's paints and coatings business, will strengthen its position in the Southeasteuropean paint market. The company has agreed to establish a trading company by the name of Tikkurila JUB Romania with the paint company JUB of Slovenia based on equal partnership. The parties have agreed on not disclosing any financials details.
The new company will be responsible for the marketing, sales and distributing of Tikkurila's and JUB's decorative paints in Romania. With its office and warehouse in Bucharest, Tikkurila JUB Romania is due to start its operations as from 1 July 2008.
The Romanian paint market is expected to grow at double digit figures during the next few years. Especially demand in the medium and premium price segments will increase. The estimated size of the Romanian paints market is EUR 170–180 million on an annual basis.
For more information, please contact:
Tikkurila Oy (Kemira Coatings)
Markku Immonen, President, Deco International
Mobile phone +358 40 501
0426
JUB
Štefan Hoyer, President, JUB-H d.d.
Phone +386 1 58 84
102
Tikkurila Oy (Kemira Coatings)
Arja Schadewitz, Communications
Manager
Phone +358 9 8577 2475
www.tikkurila.com, www.jub.eu, www.kemira.com
Tikkurila (Kemira Coatings) is the leading supplier of
paints in Northern and Eastern Europe, providing consumers and professionals
with branded products in approximately 40 countries. The product range consists
of decorative paints and coatings for the woodworking and metal industries. In
2007, the company had net sales of approx. EUR 625 million and a payroll of
3,800 employees.
JUB is a leading supplier of paints in
Southeast Europe. The product range consists of decorative paints and plasters
for interior and exterior usage, and thermal insulation systems. In 2007, the
company had net sales of EUR 73 million and a payroll of approx. 400
employees.
