Baumit: We are building three factories from scratch

Construction materials producer Baumit Romania, the local branch of the international group Baumit Wopfinger will start an over 10 million-euro investment in a new production facility in the South of Bucharest, near the ring road, writes the monthly Business Construct, which appeared today, and is distributed free of charge as a supplement to Ziarul Financiar. This decision is a part of the company’s medium term strategy, to invest over 30 million euros in greenfield production facilities in Bucharest, Banat and Moldova. “Baumit investment in greenfield projects will exceed the 30 million euros announced two years ago. Confidence in the Romanian market has gone up, the doubts which were there five years ago do not exist anymore, because Romania joined the European Union, and the investors have changed their perception about this market, which is continuously expanding,” stated Laurentiu Lupusor, general manager of Baumit Romania. If works for the plant in Bucharest are completed next year, the plants in Moldova and Banat will be completed within the next five years. The plant in the South of the Capital will have a production capacity of 200,000 tonnes, in two shifts, similar to that of the plant owned as early as 2006 in Teius. The investment made in Bucharest will be bigger than that made in Teius, i.e. of over 10 million euros, as this will be a more extensive project, which will also include a new factory of wet finishings – decorative plaster and dyes – and the company’s new office headquarters, covering 1,000 square metres.