Tassulo Group invests 15m euros in plant in Bolintin

The Italian group Tassullo, specialising in the production of thermo-insulating construction materials, will invest some 15 million euros in the next three years in building a construction materials plant in Bolintin, near Bucharest, and in developing logistical facilities. “We have studied the Romanian market for two years in order to understand how it operates. Now we intend to hold a stronger presence on the market and to invest both in production facilities and in logistics,” Stefano Odorizzi, chairman of Tassullo, told ZF. Once the plant is completed, the company estimates it will see a significant growth in turnover. “By the end of 2008, we estimate a 10 million-euro turnover. The main target for our Termo-Tass products is Bucharest and then we will gradually expand to the other big cities,” says the Tassullo representative. The company is only present in countries in Western Europe, but it decided to enter the domestic market on account of the influx of Romanians from Italy, who have returned to Romania and are investing in home building.