Romania: Siniat Romania has said that construction works on a Euro50m wallboard plant in Turceni in southwestern Romania will start in June 2013. The plant was originally scheduled to start construction in March 2013.
The project is entirely financed by Siniat's parent company, Belgium's Etex group. Production at the new plant is scheduled to start in March 2015. The new plant will have an initial wallboard capacity of 27Mm2/yr. Its capacity may be boosted to 50Mm2 depending on market demand. Some 50-60% of its output will be exported to Balkan countries.
Siniat Romania exported some 35% of its wallboard output in 2012. The company turnover rose by 1.5% to Euro22.1m in 2012. Siniat added that its market share in Romania stood at 25% in 2012, when the local wallboard market contracted to 38Mm2.
Looking forward the company plans to raise its market share on the local wallboard market, which is predicted to grow by 5% in 2013. Siniat Romania runs a wallboard plant in Bucharest.
