Vita starts production in Romania

British group Vita, one of the world’s leaders in the polymers industry, has started production in Romania this month, in Timisoara, following an initial investment worth 5 million euros. The Vita plant will only do processing work this year, with a production line to start operating next year, under an additional investment worth 3 million euros. “The plant will have processing capacity of 150 tonnes/month, which will enable us to reach turnover of two million euros in 2005, the first full year in business. After we start the production line, we intend to gradually reach a share of 30% of the Romanian market,” Gabriel Pavel, general manager of Vitafoam Romania told Ziarul Financiar. ZF