Artecola reports 14% growth in 2006

22/01/2007

Brazilian adhesives manufacturer the Artecola Group has reported that the company’s net revenue grew 14% in 2006 to $90 million. The company expects further growth of 34% in 2007, with a revenue target of $119.5 million.

Managing director Eduardo Kunst commented, "This year will be very important for our strategic goal of becoming a Latin American reference in innovative chemical solutions. We plan to increase our net revenue to $300 million by 2010.''

Artecola has ten factories in Brazil and runs five operations abroad.