It expects growth of 9% in 2018, following the EUR1.5 million investment it will make in industrial robots to boost washable paint production capacity.
“The production capacity of water-based paints will go up from 29,000 tons to 35,000 tons,” says Dragos Militaru, chief executive officer of the company.
Fabryo, which makes Savana and AplaLux paints, has five production lines in all – extruded polystyrene, decorative plasters, mortars and adhesives, water-based and solvent-based paints. Fabryo has a paint, mortar and adhesive manufacturing facility in Popesti-Leordeni, near Bucharest and a facility that makes other types of products in Tunari, Ilfov County.
Fabryo was established by entrepreneur Daniel Guzu more than two decades ago and Oresa Ventures started buying into it in 2006 until it became the sole owner in 2009.
The local paint and coatings market stood at about EUR160 million last year.
(English version by Loredana Fratila-Cristescu)