Univar Inc. recently announced that its legal entity in Romania is fully operational. The business trades under the name Univar South-East Europe Srl. from its newly opened office in Bucharest. Romania has experienced good GDP growth, driven by both a rise in consumer spending and industrial production over the last decade with forecasts to achieve 4% GDP growth in 2012. This reportedly creates a promising opportunity for Univar to engage its global network with local expertise, especially in the coatings market where only 65% of the customers are served by local producers.
“Romania is a country with enormous growth opportunities for our business,” said Balazs Kiss, country manager-Romania, Czech Republic, Slovakia and Hungary. “Industry and agriculture contribute nearly half the country’s GDP, which plays very well into Univar’s portfolio. Also, the domestic chemicals market is currently quite fragmented, so customers will benefit from Univar’s presence, can trust in our global supply reliability, and depend on our market insight so that they have the benefit of a global network with local level expertise.”
For more information, visit www.univar.com