Market of expanded polystyrene stagnates
He remarked that the stagnation in the market has as a consequence a cut in imports of raw materials for the production of polystyrene, which fell 20-30% in the first half this year compared with the first half of 2007.
„The sale of big producers was not so much affected, because they had stocks of raw materials,” Ionescu also said.
In his opinion, an invigoration in the relevant local market could take place in 2009, with the real start of the national programme of rehabilitation of old buildings.
The company distributes products for thermal, phono and hydro-insulation and holds a factory of expanded polystyrene in Ploiesti, southern Romania.
Currently, Romania is one of the European countries with the biggest number of dwellings with low thermal insulation. 75% of the dwellings are up to 55 years old, and their installations are worn out, they require an amount of energy that is the double of that in the EU. Experts believe some 60% of the apartment buildings need thermo-technical rehabilitation and upgrading.
Among the strongest players in the local market of expanded polystyrene, there are Austrotherm, Swisspor, Isopor, Arcon, Euro MGA and Europlast Industries.