Company briefs

Fri, Jan 28 2005 02:00 CET 92 Views
· Orgachim AD has registered a new brand of paints, primers and adhesives DEKO Professional, the company said in a press release on January 21. The new series of specialised products designed for builders has all it takes to make a breakthrough in the Bulgarian market as they offer European quality at affordable prices. This year, Orgachim came out on the Western markets with its Leko series of paints and varnishes after making breakthroughs on the Turkish, Moldovan and Russian markets.

· Four million euro was invested in the construction of the Mr. Bricolage store in Varna and 80 jobs were opened, said Maurice Vax, chairman of the French company on January 20. Doverie-Brico AD is co-investor on the project. The long-term investment programme of Mr. Bricolage envisages the construction of further six stores in bigger Bulgarian cities by end-2006. The company is launching a social programme for vocational training and provision of jobs for children from social establishments and children of perished Interior Ministry officers this year.

· Consumer goods retailer K&K Electronics will spend 10 million leva on building a pair of new stores. The operator of the Technomarket Europe chain of consumer electronics stores will start implementing its plans for the expansion of the network in the early part of 2005. The two store openings planned for 2005 - in Rousse and in Sliven - will bring the outlet total to 14. The last launch was in late 2004 of a new 15-million leva store in Sofia's Mladost neighbourhood. The chain has already invested over 75 million leva.

· Fujitsu Siemens Computers reached for the first time the number one position in the mobile segment in Bulgaria with 25.3 per cent market share, the company announced citing preliminary market figures. The company performed as the most successful supplier of mobile products in the country with a 128.6-per cent growth in the Mobile segment, against 35.9 per cent average market growth. Fujitsu Siemens Computers recorded an year-on-year growth of 16.5 per cent in the fourth quarter and 23.4 per cent for the full year 2004 in Europe, Middle East and Africa.