Strabag reports threefold higher revenues in Romania compared to group
Diana Klein, in charge with the department of Relations with Investors with Starbag said that the company estimates for this year a 50-percent rise in revenues. At group level, Strabag estimates a 15-percent growth of revenues at global level.
Representatives of Strabag hold advanced negotiations for the acquisition of a plot of land of 20 ha in Anina in Caras-Severin county (south-western Romania), on which it plans to build the first cement plant after 1989, an investment in which the budget will amount to 250 million euros.
The production facility, with an estimated facility of some 1 million tonnes a year, according to Ziarul Financiar, will be the first Greenfield project in the cement industry afire 1990 on a market dominated by three players: Lafarge (France), HeidelbergCement (Germany), and Holcim (Switzerland). At present, the annual cement production amounts to some 10.5-11 million tonnes, however, the offer is exceeded by demand, therefore the players of the market announced massive investments in order to increase production.
The cement consumption last year reached 450 kg per capita, a similar level to the one in Hungary or the Czech Republic, countries in which the consumption has maintained over the past 10 years. The cement market grew by some 2 million tonnes on an annual basis.