EU funds double turnover for Pipelife

Pipelife, a company specialising in plastic piping for the construction industry, saw its turnover double in 2004 due to the major infrastructure projects funded by the European Union. “Pipelife Romania’s market share in 2004 was 10-12%, and this market segment saw approximately 10% growth,” said Adrian Klier, Pipelife’s marketing manager. He anticipates similar market growth for 2005. The plastic piping market was estimated at approximately 50 million euros in 2003, meaning Pipelife’s turnover should exceed 5.5-6 million euros based on growth in 2004. “The most important factor behind the development of the market was the massive inflow of EU funds for infrastructure projects,” Klier said. Another notable factor, added Klier, was the sustained growth in the civil engineering sector. ZF