The company registered profit of RON380,000 last year, when it employed 71 people.
In 1994, Valvis set up mineral water producer Dorna Apemin, which owns brands Dorna, Izvorul Alb and Poiana Negri. In 2002, he sold the company to Coca-Cola HBC for about EUR40 million.
Valvis created Aqua Carpatica in 2010. The three largest mineral water bottlers at that time were Romaqua (with brands Borsec, Aquatique and Stanceni), Coca-Cola HBC and European Drinks (with brands Hera and Izvorul Minunilor).
The eight Romanian brands had an estimated combined market share of over 70% in 2010.
Currently, Romaqua has a 28-29% market share and produces about 350 million liters of water yearly, according to the company.
Coca-Cola produced some 120 million liters of mineral water last year and its market share was 15%.
Considering the mineral water market stood at EUR300 million in 2012 and Aqua Carpatica sales amounted to EUR7.5 million, the brand had a market share of 2.5% last year.