The unit will be opened by yearend and allow for a more efficient meeting of thermal insulation materials demand in the region.
The project was launched in early 2023 and completed as scheduled, this spring. Subsequently, the unit was equipped with state-of-the-art technology, with total investments nearing EUR140 million.
The new plant will become operational by end-2024, with the aim of securing annual production of around 75,000 tons of mineral wool, set to serve both domestic needs and external needs.
The company ended 2023 with RON123.5 million turnover, down 11% from 2022. Knauf Insulation reported losses of around RON31 million and the number of employees reached 86 last year, 15 more than in 2022.
(English version by Catalina Apostoiu)