“The take-up of EU funding, above all, in Bulgaria, Romania and Greece, had a positive impact on business performance. (…) In the other markets of South-Eastern Europe, especially in Romania, we continued to benefit from a satisfactory level of demand, which was partly driven by forthcoming elections,” the group’s report of the first three quarters of 2020 says.
The elections to be held soon will make an impact on the construction market and on the business environment in general, because they come with major changes in the administration, Iulian Mangalagiu, Wienerberger Romania chief executive officer, said in September.
Parliamentary elections will be held in Romania on December 6.
Wienerberger has seven plants in Romania – four that make bricks and roof tiles and three that make pavers. Its brands on this market are Porotherm (bricks), Tondach and Keramic (ceramic roof tiles), Terca (façade bricks), Penter (ceramic pavers) and Semmelrock (concrete pavers). Part of the local production goes abroad to Hungary, the Republic of Moldova and Bulgaria.
The Austrian group operates via three companies in Romania – Wienerberger Sisteme de Caramizi (279 million lei revenue in 2019), Semmelrock Stein Design (RON105 million revenue in 2019) and Tondach Romania (RON69 million revenue in 2019).
(English version by Loredana Fratila-Cristescu)