Timbark Maspex Romania Estimates 20% Turnover Growth To 61+ Mln EUR In 2008

F.A.
Ziarul BURSA #English Section / 14 decembrie 2007

Timbark Maspex Romania, the producer of the Timbark fruit juice varieties, estimates a 20% increase in turnover to over 61 million EUR next year, according to CEO Krzysztof Grabowski. Reports for this year indicate a turnover of approximately 51 million EUR, up by some 20% from the 43 million EUR reported in 2006. Recent investments amount to 7 million EUR.

Timbark Maspex Romania has recently introduced a new product line, Multivitamin nectar. According to AC Nielsen, Timbark is leads the nectar segment of the soft drinks market with 35.3%. Previously known as La Festa International, Timbark Maspex Romania was established in 1996. Other proprietary brands are Tedi, Carotella, Ciao and La Festa. The company has approximately 600 employees and is ISO 9001/2000 certified.

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