Americans take over artificial stone plant

The apparent stone producer Cultured Stone, a division of the American group Owens Corning, has acquired stone veneer French company Modulo/ParMur for 25.5 million euros, a company that owns an artificial stone plant in Turda. The transaction is to be completed in September and is part of the global expansion strategy of Owens Corning Cultured Stone. Modulo/ParMur Group produces and distributes artificial stone for floors and walls in Turda, for Romania and France. Parmur SRL represents the French group in Romania. “At present, over 95% of the production of the Turda-based plant is exported to countries such as France, Italy, Spain, Germany, UK or Portugal,” stated Mihai Gavris, general manager of Parmur. The Turda-based plant was inaugurated in July 2004 and has attracted investments worth around 1 million euros.