SCR seeks integration of paper production

Romanian Commercial Services Group (Grupul Serviciile Comerciale Romane -SCR) plans to acquire Pehart Petresti and integrate the Alba County-based complex in its paper production operations. SCR, which is controlled by Stefan Vuza, recently bought Somes Dej, the top Romanian producer of cellulose and paper. The group’s management stated that the takeover of the Alba-based complex forms part of the group’s strategy, following the acquisition of the majority stake in CS Somes SA Dej early in August. “In Dej, we have an investment plan for retooling worth 11.5 million dollars, which will be carried out by 2011,” Vuza stated. The CSR chairman underlined the fact that the Cluj-based company would not have had the possibility to develop had it not been taken over by the group. “We are about to finalise talks with Pehart and we hope to integrate the first production facility and its 68 employees in January,” the SCR chairman said. ZF