TURKISH PAINT SECTOR WELL PLACED TO EXPLOIT EUROPEAN AND ASIAN MARJETS
July 1st, 2010
BY PAUL COCHRANE
TURKEY'S US dollar USD2 billion (Great Britain Pounds GBP1.3 billion) Turkish paint sector is projected to grow 10% in 2010, rebounding after over a year of stagnant growth in the wake of the global financial crisis.
The country is Europe's sixth largest paint manufacturer (for those who consider Eurasian Turkey part of Europe). It accounts for some 2% of the global market, with the sector having an annual production capacity of 800,000 tonnes while the capacity utilisation rate is 65%, according to a 2010 report on the paints and dyes industry ...
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