Holcim to invest 400-500 million euros in cement plant

Multinational company Holcim, headquartered in Switzerland, plans to invest several millions euros in cement plant that will be constructed at Mihai Viteazul, Cluj county (centre-west).
Spokesperson for the Cluj County Council Victor Popa told on Wednesday that the representatives of Holcim group had a range of meetings with president of Cluj County Council, Alin Tise, to present their intentions.
He said Holcim is expected to invest among 400-500 million euros, which means that would be one of the biggest cement plants in Europe. Victor Popa also said Holcim aims to relocate its main headquarters to Cluj county. According to him, the investment would start immediately after the obtaining of all the necessary authorisations and will unfold on a 4-year period.

President of Cluj County Council held talks with manager of Holcim Romania, Markus Wirth and with the manager of the plant in Turda (centre), Calin Moldovan, and said he will extend all the support the cement maker needs in its drives to invest in Mihai Viteazul locality.
The division Holcim Romania holds three plants in Turda (milling), Campulung (south) and Alesd (west), 16 concrete ecological stations and five aggregate stations. Last year, the net profit of Holcim Romania went down 33% over 2006, although the company’s turnover grew 28% in the aforementioned period. Holcim Romania reported over 989 million lei in turnover one year ago, compared to sales of 774 million lei reported in the previous year. Gross profit of Holcim was of 138 million lei last year, down as against 207 million lei reported in 2006.  Holcim Romania has about 1,400 employees.
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