OTS - Knauf Group invests more than EUR 200 million - Knauf significantly expands presence in Romania by opening two new plants
2022. October 12. 10:16
Iphofen, 12 October, 2022 (APA/OTS) - The Knauf Group is supporting
the Romanian government's energy-saving and renovation offensive by
substantially expanding its local plant capacity. The Knauf
Insulation Group unit is building another insulation plant next to
its current site in Tarnaveni, north of Sibiu. Together with the
expansion of its existing production facility, which has been in
operation since 2008, the dual site will thus multiply its annual
output. Knauf is investing close to EUR 135 million in total at the
Tarnaveni site.
At the same time, a new factory for plasterboard technology is
being built in the town of Huedin, Transylvania, at a cost of
around EUR 76 million. In total, Knauf is directly creating around
200 new jobs through the local investments, many of which are for
highly qualified personnel. Both plants are being built in the
region around Cluj, where they will be strategically located to
supply Romania and the surrounding countries with modern building
systems.
As the world's market leader for modern and sustainable
lightweight construction, Knauf's expansion supports the
government's ambitious plans for energy-efficient building
refurbishment and the repair of the country's housing stock.
Romania's Prime Minister Nicolae Ciucă welcomed Knauf's initiative:
"These German investments in our country are a signal of trust that
strengthens economic relations. We highly appreciate Knauf's recent
commitment. The company has been expanding its presence in Romania
for many years."
"The commitment demonstrates our trust and confidence in the
country and our employees. We look forward to becoming part of the
local community," said Alexander Knauf, Managing Partner of the
Knauf Group. "Together, we are setting new standards for building
and living in Romania. I am very pleased that with this investment
of more than EUR 200 million, we can support the energy saving
initiative by providing the necessary building materials."
The national redevelopment plan envisages a six-fold increase
in the building area of appropriately renovated properties in
Romania over the next few years, in a best case scenario. Romania
has set aside around EUR 30 billion in funding for this purpose in
its Recovery and Resilience Fund (PNRR) alone until 2026. This will
be supplemented by additional funds, from the EU Structural Funds,
for example. The government thus wants to better equip the
population against fluctuating and rising energy prices. In
addition, energy-efficient building refurbishment strengthens
regional development by creating growth, jobs and increases in
property values.
Also in view of climate change, the building sector is the
focus of Romania's modernization offensive. A large share of the
country's current housing stock is in need of renovation. New
buildings are to be constructed in an energy-efficient manner in
the future. The demand for the respective building materials is
therefore quite high. In the European Union, 35 percent of CO2
emissions currently come from buildings. The use of insulating
materials reduces dependence on energy imports and reduces the
financial burden on users, especially low-income households. The
use of dry construction technology also has a lower CO2 intensity
compared to regional solid construction, is ideal for
prefabrication and the material is fully recyclable.
Romania increasingly important to Knauf
The importance of the Romanian market for the Knauf Group has
increased in recent years. While the country initially imported
Knauf building materials, the company now produces a good share of
the products to cover the local demand here and exports to
neighboring regions. In doing so, Knauf always promotes good
neighborliness. The sister site in the Czech Republic serves as a
model for the new insulation plant in Romania. There, too, Knauf
prefers to source its raw materials from the region and supports
local communities, in renovating older residential buildings or
community facilities such as kindergartens or playgrounds, for
instance.
Knauf Group
The Knauf Group is an internationally operating family-owned
company based in Iphofen, in the Franconia district of Bavaria in
Germany. The manufacturer of construction materials operates over
300 manufacturing plants and sales organizations in more than 90
countries on all continents and is a global leader in the
manufacture of gypsum-based construction material and systems,
energy-efficient insulation materials and system solutions in the
ceilings sector. Founded in 1932, the Knauf group achieved a
turnover of € 12.6 billion in 2021 and employs around 40,000 people
world-wide.
Visit our website for further information on the Knauf Group at
www.knauf.com.
Press Contact:
Dr. Tobias K. Stricker | Phone: +49 (0)9323/31-2252 | Fax: +49
(0)9323/31-2241 | tobias.stricker@knauf.com
Knauf Gips KG | Am Bahnhof 7 | 97346 Iphofen | Germany I Local
Court of Würzburg | HRA 2754
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