Graboplast 2012 revenues slightly higher

Deals

Győr-based flooring maker Graboplast Padlógyártó Zrt increased its revenues to HUF 16 billion in 2012 from HUF 15.8 billion a year before. Hungarian sales saw a double-digit slump and Graboplast’s western European markets were also showing little activity with many projects, like school renovations or train carriage revamps being put on hold. However, Grabolpast’s Chinese partners are producing an annual average 15% growth with their purchases and often make considerable orders years ahead. The company’s management is hopeful that European economies and its business there will pick up this year.

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