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Poli-Farbe Vegyipari revenue lifted by launch of innovative paint products

Hungarian paint maker Poli-Farbe Vegyipari's revenue climbed 3% to HUF 6.3 billion in 2010 even as the market contracted, because of the launch of innovative products, managing director Antal Szabó said on Wednesday.

In 2010, Poli-Farbe began manufacturing teflon wall paint based on a license from DuPont, and it launched an organic paint that contains no formaldehyde in the spring of 2011, Szabó said.

Poli-Farbe produced 34,900 tons of paint last year.