In 2014, the company has set off investments of over EUR5.5 million, which targeted mainly the expansion of its lime factory, the acquisition of an ACC (autoclaved cellular concrete) pallets packaging system and the modernization of the sieving line at its adhesives and mortars factory.
Celco will carry out investments of over EUR3 million, in the upcoming period, to render its production activity efficient. This year’s sales were positively impacted, among others, by the revival of the residential segment which led to an increase in ACC sales compared to the previous years.
The current natural gas tariffs, which lead to declining competitiveness in the building materials industry, are among the negative factors, said Niculae Dusu, Executive Board Chairman and shareholder.
Dusu estimates the ACC market has grown nearly 15%, the adhesives and dry mortars market increased by several percentage points and overall lime sales were flat on the year in 2014.
Celco has expanded its product portfolio over the last years, therefore, its latest products, such as lime and mortars, came to account for nearly 30% of the company’s turnover in 2014.
Celco, based in southeastern city of Constanta, is owned by cousins Niculae and Ion Dusu.