Varnish and paint manufacturer Policolor plans to spend around €4 million on research and development and production this year, same as in 2009, said the chief executive of the company Achille Bardelli.
“The new lineup, the first in a new generation of washable paints for interior surfaces, will be one of the growth drivers in the market”, the company said.
According to a MEMRB study, Policolor had the biggest market share in April-September 2009 period, namely 23.4% of the local paint industry. In the washable paint segment, Policolor grabbed a 21.6% share according to the same study. Spor lineup had 17% share of interior surfaces washable paint segment.
Policolor is the largest manufacturer of varnish and paints, with 40-year experience in the field. The group aims at becoming the leading provider of resins and paints in south-eastern Europe.
Policolor is an affiliate of Romanian Investment Fund, RC2 and Romanian Reconstruction Ltd. In 1998, Policolor acquired 51% in Orgachim, the largest paint manufacturer in Bulgaria.
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