Carpatcement Holding reports 31 percent turnover boost in 2007

Newsroom 25/02/2008 | 15:41

This was 31 percent more than the figure for the previous year, which was EUR 278 million, according to the company's financial reports for the three division of the holding, Carpatcement, Carpat Beton and Carpat Agregate.
The company's cement division registered a turnover of EUR 288 million in 2007, 30 percent more than in 2006, when it made EUR 221 million.
The company is planning to invest more than EUR 60 million in 2008, in the revival of the second Bicaz production line of clincher and a depositing clincher store with a capacity of 90,000 tonnes.
The investment will also go into the modernizing of Carpatcement's cement mill in Deva and the construction of another cement mill in Fieni, according to company representatives.
The firm's concrete division intends to invest in the construction of three new concrete stations. Carpatcement invested EUR 40 million in 2007.
By the end of 2011, the firm plans to double its production capacities. Mihai Rohan, general manager at Carpatcement Holding, estimates a necessary investment of EUR 150 million for these projects.
According to Rohan, the firm will not focus in the immediate future on building a greenfield station since the estimated investments in this kind of development requires EUR 250 million, while the modernizing work and equipment for an already existing station is calculated at EUR 60 million.

Magda Purice

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