The company registered over RON107 million in sales last year, 27% more compared with 2010 and below its expectations.
Since its launch Rio Bucovina’s turnover increased yearly, from RON32 million in 2006, the company said in a press release Tuesday.
The company estimates its market share will climb up to 9.2% in 2012.
Rio Bucovina marketing manager Camelia Hoinarescu expects the local mineral water market will increase 5% to 7% this year.
The company is owned by Syrian businessman Ahmad Khatab. (EUR1=RON4.4452)