370m-RON turnover for Henkel Romania

Henkel Romania, the local subsidiary of the German group Henkel, posted an approximately 370 million-RON (104 million-euro) turnover in 2006, a 34% increase against the previous year. Earnings before interest and taxes (EBIT) stood at 13.5 million euros. “This year we intend to continue our development on the Romanian market and will invest around 4 million euros in production facilities and new products,” stated Liviu Sfrija, chairman of Henkel Romania. The biggest increase, of some 60%, was reported by the “Consumer and Craftsmen Adhesives” Division (formerly Henkel Bautechnik), which reached revenues worth 46 million euros. “For this year we estimate a two-digit increase for the adhesives division, thanks to the enthusiasm of the construction market and to the demand for adhesives,” says Iulian Mangalagiu, business unit manager within Henkel Romania.