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.
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