Trilak revenue up 12% in 2014
Revenue of Hungarian paint manufacturer Trilak Festékgyártó, a subsidiary of PPG Industries, increased by 12% last year, reaching HUF 12.47 bln, managing director István Miavecz said today, according to Hungarian news agency MTI. The director anticipates that revenue will grow 6-8% in 2015.
The company’s exports accounted for 25% of sales, amounting to HUF 3 bln, in 2014. The key export markets were Romania, Czech Republic and Slovakia. Before-tax earnings came close to HUF 700 mln last year, an increase of 40% as compared to 2013.
Trilak plans on increasing its product palette with 150-200 new products this year, having launched approximately 300 in 2014. Trilak currently has roughly 1,000 products on offer.
Annual production at Trilakʼs Budapest plant in Budapest amounts to 30,000 tonnes. The plantʼs headcount is near 300, and supplies products to Daimler, Suzuki and Audi.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.