The Radauti plant became operational in January 2008 in the wake of EUR210 million investments. The Austrian group continued investments in the plant in 2010, spending over EUR17 million on technological equipment and on an office building for employees.
At present, the plant employs over 500 persons and after the new investments are completed, the number of employees will go up to around 600.
Last year, the company announced a EUR150 million investment in an OSB (oriented strand board) plant and a EUR58 million project related to an adhesive installation, a biomass station and an office building to “optimize production costs”.
(English version by Catalina Apostoiu, Editing by Radu Bostan)