Last year’s revenue is 18.5% higher than in 2013, according to its report submitted to the Finance Ministry.
Craiova-based Elpreco, which CRH bought from US private equity fund Broadhurst in late 2007, ended last year with RON95.1 million revenue, an increase of 9% on 2013. The construction material manufacturer slashed losses to RON0.1 million lei in 2014 from the RON4.8 million in 2013.
In 2008, Ergon, a unit of the Irish group, built a precast concrete product plant near Ploiesti, and the name of the subsidiary operating the production facility was changed to Ferrobeton Romania last year. Ferrobeton Romania posted RON26.1 million revenue in 2014, up 70% year-on-year and RON2.8 million loss, 40% lower than in 2013, according to its Finance Ministry filings.
CRH tried to buy construction materials manufacturer Macon Deva in 2006 and was also in talks to buy another construction material manufacturer at some point, Constanta-based Celco, before the crisis.
(English version by Loredana Fratila-Cristescu)