LEBANON PAINT INDUSTRY DAMAGED BY ISRAEL WAR
October 1st, 2006
BY PAUL COCHRANE, in Beirut
LEBANON'S paint sector took a heavy blow during the 34-day conflict between Israel and Hizbullah this summer, recording millions of dollars in direct and indirect losses.
Shaker Saab, business development manager for Tinol Paints, said July and August sales dropped 95%. He added that the summer months were a peak sales period for the sector, accounting for between 20-25% of yearly sales.
Pastel Paints managing director Elie Harfouche estimated a 30% drop in the sector as a result of the war. "We've had a bad time," he ...
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