With the money, the German group will build two plants, in Mures and Cluj counties, where it will manufacture insulation materials, plasterboard and metallic profiles. Together, the two plants will hire more than 200 people.
One of the plants will be located in Tarnaveni locality of Mures county and involves investments of above EUR135 million. The second plant will be in Huedin, Cluj county, and will involve EUR76 million investments.
Radek Bedrna, managing director of Knauf Insulation for Eastern Europe, said the group chose to invest in Romania because it is a stable, large and growing market.
In 2021, Knauf Insulation generated RON94.7 million turnover, up 30% on the year, RON7.9 million profit, more than double, and it had an average number of 16 employees. In its turn, Knauf Gips had RON198 million turnover, RON16 million profit and 70 employees.
(English version by Catalina Apostoiu)