Romaqua Sees 2011 Sales Up 12% On Year, To EUR160M

04.12.2011 By Andrei Circhelan

Romanian soft drinks maker Romaqua on Tuesday said it expects sales to rise 12% on the year in 2011, to EUR160 million, from EUR142.5 million last year, fueled by investments in production capacity expansion.

Romanian soft drinks maker Romaqua on Tuesday said it expects sales to rise 12% on the year in 2011, to EUR160 million, from EUR142.5 million last year, fueled by investments in production capacity expansion.

The company plans to invest some EUR20 million this year, mainly in production and storage capacity.

"We will invest in production capacity for Borsec water. We will keep investing in the beer factory, where we will double production capacity, and we will widen logistics, probably building another 20,000 sqm of warehouses nationwide," Romaqua vice-president Nicolae Palfi told a news conference.

The company expects mineral water prices to grow by at most 5%, but this should not happen before Easter, according to Palfi.

Some 2% of the company's sales come from export to 17 countries, including Hungary and the United States of America.

Romaqua has a market share of 26% on the bottled water segment, and seven factories nationwide.

Romaqua Group Borsec resulted from a merger in March 2008 between Borsec, Romaqua Holdings Bucharest and Romaqua Stanceni.

The company is owned by businessmen Octavian Cretu, president of the Romaqua Group, and Nicolae Palfi.