November 24 (SeeNews) - The Romanian arm of Austrian thermal insulation producer Austrotherm said on Thursday that it inaugurated its third thermal insulation factory in the country at Calan, in the central region of Transylvania, following a 6 million euro ($6.24 million) investment.
The new 3,800 sq m unit production facility located near the city of Deva will manufacture both white expanded polystyrene (EPS) and grey EPS-PLUS, employing 15 in production premises, warehouses and offices, Austrotherm said.
The new plant seeks to deliver EPS to western Romania in a shorter time and a more energy-efficient manner, complimenting production sites in southern capital Bucharest, northeastern comune of Horia in Tulcea county and the western city of Arad. The Horia and Arad locations have reached production capacity limits, the company added.
With over 25 insulating material production facilities in 12 countries, Austrotherm entered the Romanian market in 1999, opening its first EPS factory in Bucharest.
Austrotherm Group is part of the Schmid Industrie Holding group. In 2021, Austrotherm Group turned over 517 million euro and tallied 1,200 employees, the company’s press release reveals.
Austrotherm Romania turned over 176.9 million lei ($37.3 million/35.9 million euro) and booked a net profit of 21.9 million lei in 2021, employing 128 people, data from the finance ministry’s website shows.
($=0.9611 euro)