Gypsum industry news
Romania: According to News website ZF English, Siniat Romania, part of Belgium's Etex Group, has completed the construction of its Euro50m, greenfield wallboard plant in the southern city of Turceni.
Romania: A Romanian investment fund, SIF Muntenia, has sold its 10.3% stake in Lafarge Agregate Betoane to its majority owner, Lafarge, for Euro1.3m. Lafarge bought 619,148 shares of Lafarge Agregate Betoane from SIF Muntenia at a price of Euro2.07/share. Lafarge Agregate Betoane quarries ornamental and building stone, limestone, gypsum, chalk and slate.
Siniat Romania plant build delayed to June 2013
15 March 2013Romania: 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.
Siniat Romania plans to start building new plant in March 2013
01 November 2012Romania: 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.
