Policolor Orgachim CEO Marius Vacaroiu said he thinks the first half of 2013 will be decisive for the sector, adding all estimates depend on the evolution of the profile market in the first half of 2013.
According to Policolor analyses, the paint and enamels market declined by about 10% on the year in January to October 2012.
The Policolor-Orgachim group operates in Romania and Bulgaria and it is owned by investment funds The Romanian Investment Fund, RC2 and Romanian Reconstruction.
Finance Ministry data indicate that Policolor Bucuresti posted turnover of 124.2 million lei (EUR29.3 million) in 2011. (EUR1=RON4.4675)