Thus, EUR14 million were earmarked to modernize and entirely automate the production of autoclaved cellular concrete (BCA).

“The investment will be carried out during the entire 2023 and is due to be completed in June 2024,” stated Niculae Dusu, one of Celco stakeholders.

According to him, the company’s development plan envisages expansion on foreign regional markets and to new markets.

2022 turnover for all Celco units was several percentage points above the initially estimated value and for 2023 the company plans to maintain it, said Niculae Dusu.

Celco ended 2022 with 283 employees, from 300 in 2021.

2021 turnover reached RON211 million, up 25% from 2020. Profit stood at RON62.6 million, 29% higher.

(English version by Catalina Apostoiu)