Austrian insulation materials specialist Austrotherm is expanding again in southeastern Europe with the launch this month of a third panels plant in Romania.
Waldegg, Austria-based Austrotherm already operates an expanded polystyrene panels facility in the capital Bucharest and added a second unit for EPS and extruded polystyrene (XPS) at Horia in northern Romania.
This time the firm’s expansion has involved renting an existing EPS plant located at Arad in the west of the country on an exclusive basis from the current operator, German-backed construction materials supplier Von Meister.
Austrotherm has overhauled the existing capacity in Arad and created another twenty jobs at the plant site.
The move has enabled the Austrian producer to capitalise on the growing insulation products market in western Romania and reduce its national transport costs.
“With the production site in Arad, we have not only moved closer to our customers but are also better equipped for the recovery of the construction industry that is now coming about,” explained Austrotherm managing director Gerald Prinzhorn.
His company believes Romania still offers great potential in the thermal renovation market although Austrotherm has already seen strong growth in the country over the past three years.
The company opened the first national plant in Bucharest in 1999, before starting EPS production at the Horia site in 2006 and adding XPS panels manufacture there two years later. The latter plant also serves customers in neighbouring Moldova and the Ukraine.
Its newest plant brings Austrotherm’s overall production operations to 21 including units in Germany, Bosnia-Herzegovina, Bulgaria, Croatia, Serbia, Slovakia, Poland, Hungary and Turkey. The group, which employs almost 1,000, is reported to have achieved annual turnover of €304m last year.