Romania: Siniat Romania plans to start building a gypsum board factory in the southwestern town of Turceni in March 2013.
"We reached an agreement with the Turceni energy complex, which will provide the raw materials for the plant, and this is the reason we considered this investment," said Siniat Romania director general Marc-Andre Fritsche.
Belgium's Etex group, which controls Siniat Romania, will finance the plant's construction. The investment is estimated at tens of millions of Euros. The plant is scheduled to start operations from the beginning of 2015.
Siniat Romania, formerly Lafarge Arcom Gips, reported a turnover of Euro22.6m in 2011 and projects a slight increase for 2012. Siniat runs a gypsum board plant in Bucharest and a plant for plasters and coatings in the northwestern county of Cluj. Currently 35% of its total output is exported.
