“We only had one budget scenario for this year. Next year’s budget has not been completed yet,” company officials said. “The economy won’t be any better than this year. We are now looking at the operations of other lines of business and do not rule out investing in other sectors we will see as having potential.”
The company posted 245 million lei (EUR56.2 million) in sales last year. With the 10% growth expected, sales should reach RON270 million (EUR62 million) this year. Tymbark has about 700 employees, and exports accounted for 16% of its revenue last year.
Tymbark Maspex is one of the largest Polish investors in Romania and has two soft drinks factories in Valenii de Munte (Prahova county, south of Romania).
Its portfolio is divided into two lines, the juice division (Tymbark and Tedi) and the instant products division (La Fiesta, Brumi and Arnos). The group also owns the Arnos pasta in Romania, but Tymbark Maspex’s sales only include those of the juice and instant drinks division La Festa.
The company expanded its business to include “mineral and bottled waters production” at the end of 2010, according to information in the Official Journal.
(English version by Loredana Fratila-Cristescu)