Magnetti invests 4 million euros in prefabs

According to company officials, Magnetti Prefabricate, the local branch of the Italian producer of construction materials, will post a turnover of 4.5 million euros in 2006, in its first year of activity on the Romanian market. The Italians invested 4 million euros in a factory producing reinforced concrete prefabs, which will start operating this April in Bolintin Deal, on the Bucharest – Pitesti highway. “We made the decision to invest in Romania two years ago with a group of Italian investors, given the increasing demand on this segment of the construction materials market,” Pietro Carulli, delegate manager of Magnetti Prefabricate told ZF. The Italians acquired a plot of land of some 40,000 square metres in Bolintin Deal, where the factory and the offices were built. The factory has a production capacity of 80,000 square metres of reinforced concrete prefabs a year, although this can be increased to meet any rise in demand, according to company officials. ZF