“The increase in sales, in a time of economic uncertainty, confirms our strategy, implemented as of last year, which is based on retail focus. Retail continued to grow driven by the growth in residential construction,” said Andrei Popa, Commercial Manager Romania & SEE, Etex Building Performance.
Etex will invest EUR6 million in a desulphurization unit at the Rovinari thermal power plant to secure supplies of flue gas desulphurization gypsum for its Turceni wallboard plant.
The plans also include increasing exports, especially to the SEE markets.
Etex has two manufacturing facilities in Romania under the Siniat brand.
It ended 2020 with RON250 million revenue in Romania, an increase of 6% year-on-year.
(English version by Loredana Fratila-Cristescu)