Rehau tips business to go down the tubes by 35 percent this year

“For this year, we estimate a fall of 25 to 30 percent below last year's results,” said Emil Pop, general manager of Rehau Polymer Romania. According to him, the construction market in Romania is likely to rebound in the near future, the first signs of which became visible in May. For this period though, the company's general manager said that the local construction market had registered a drop of 30 percent.
However, he added that the specific market of tubes used in construction should record a slight increase over the overall value of EUR 60 million posted in 2008. Since the beginning of 2009, the company has invested some EUR 3 million in opening a logistic center, a sum which also includes the value of the land.
Last year, the company said it was looking for a partnership with a German company to develop a biomass station in Romania, in order to produce electric and thermo energy. As for its investment plans for 2008, Rehau intended to spend EUR 20 million on expanding the company's plant in Sibiu.
Magda Purice