“The production capacity of the extruded polystyrene factory in Roman will reach 200,000 cubic meters per year. Investments continue in 2021,” stated Laurentiu Istrate, general manager of Austrotherm Romania.
Austrotherm Romania was assisted by REI Finance Advisors, a firm specialized in attracting European funds and state aid for companies operating on the Romanian market.
In early 2020, Austrotherm decided to expand the production capacity of extruded polystyrene at its factory in Roman. The total investment amounts to EUR3 million and targets the expansion of the production hall and of a modern extruded polystyrene manufacturing line, which will boost the capacity of the factory to 200,000 cubic meters per year. The project was carried out based on Government Decision no. 807/2014, a scheme ensuring non-reimbursable funding of 50% from the acquisition cost of protection gear.
Austrotherm has three expanded polystyrene factories and one extruded polystyrene factory in Romania, located in capital Bucharest (egress to A1 highway), in Arad and in Roman (Neamt County), respectively. The annual production capacity of the three plants reaches 700,000 cubic meters of expanded polystyrene and 200,000 cubic meters of extruded polystyrene.
Austro¬therm reported a turnover of EUR25 million in 2019 in Romania, up nearly 10% versus 2018. The company has more than 120 employees working at its three factories.
The Romanian polystyrene manufacturing market is dominated by companies such as Adeplast, Austro¬therm, Daw Bența, Firos, Hirsch Porozell, Mindo, Swisspor Isopor.