construction materials
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Construction materials manufacturers ask for better lending terms
Pro BCA (Pro ACC) Association, controlling around 70% of the market, accuses banks of coming up with exaggerated demands when they lend money to firms in the industry, while the government has turned into their most reliable client.
Arabesque allocates 20m euros for two new stores
Arabesque, the largest construction materials distributor on the market, has budgeted investments worth 20 million euros for this year to build two new storage facilities, after last year it...
Bleakest situation in the auto, home appliances and construction materials fields: 5.5bn euros vanish in one year
The automotive industry, electronics and home appliances retail and the construction materials market, fields that last year totalled 13bn euros, that is over 10% in GDP, have been among the...
Direct distributor enters insolvency proceedings with 25m-euro debt
Direct SRL, based in Arges county, one of the largest distributors on the construction materials market, entered insolvency proceedings in September, after accumulating around 25-30 million...
Former Simcor shareholder invests 2m euros in homes in Berlin
Mihai Voiculescu, former chairman and shareholder in Simcor construction materials producer of Oradea, has so far invested 2m euros to acquire around 60 apartments in two blocks of Berlin, u...
Construction materials producer Siceram expects stagnation at best
Construction materials producer Siceram in Sighisoara expects a turnover stagnation at 65 million euros under the most optimistic scenario, whilst the company's sales could go down 15%, to 5...
Sika sales up 30%, but below forecast
Sika Romania, local subsidiary of Swiss group Sika, will post turnover worth around 24m euros this year, up 30% against last year, below the 40% beginning-of-the-year forecast, amid a reduct...
ArcelorMittal Construction expects 30% growth, despite market decline
ArcelorMittal Construction (AMC) Romania, the construction materials division of the ArcelorMittal group, has budgeted a 30% growth in turnover for next year, to around 40 million euros, des...
Siceram drops plans to build 8m-euro brick plant
Construction materials manufacturer Siceram in Sighisoara will give up its plans to build an 8 million-euro brick plant due to decline in demand for masonry materials.