Romania: Stirom Glassworks Expects 27% Growth for '06

Stirom Bucharest, a glass packaging producer, expects a turnover worth 43 million euros for 2006, or approx. 27 percent more than last year, according to company officials, ACT Media news agency reports.

Stirom Bucharest was taken over by Yioula Glassworks Greek group in 2003, which considerably restructure and upgraded it.
The glass market was worth around 50 million euros last year, according to Stirom officials' estimates.

Presently, Stirom covers 45 percent of the glass packaging market, with the group's shares in the Romanian market reaching 65 percent.

In 2005, exports represented 23 percent of the turnover posted by Stirom .

The main export destinations were the United States, Hungary, Moldova, Bulgaria, Greece and Israel.

600450 Romania: Stirom Glassworks Expects 27% Growth for '06

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