Siniat Romania registered a turnover of RON97.1 million in 2012, up 1.5% on the year.
The company started last year the construction of a plasterboard factory in Turceni, southern Romania. The project, worth EUR50 million, is entirely financed by Etex and production will kick off in March 2015.
The company’s representatives estimate the plasterboard market will face a slight revival in 2014.
The local plasterboard market totals approximately 37.5 million square meters annually, according to the company’s estimations.
Siniat Romania currently owns two plants, in Bucharest (where it produces plasterboard) and in Cluj county (plaster).
Siniat Romania, formerly Lafarge Arcom Gips, became part of Etex group in late 2011, after the latter purchased 80% of Lafarge’s plasterboard division in Europe and Latin America for EUR850 million.(EUR1=RON4.5102)