Carpatcement Holding registers higher profits

Carpatcement Holding registers higher profits
Published: 21 June 2006

Carpatcement Holding SA registered approximately Euro 31m in net profit, and Euro 159m in turnover in 2005, Bursa daily informs on Tuesday.  For the current year, the company’s officials estimate a turnover by 10 per cent higher as against 2005, in terms of the market’s evolution.
"Romania has a much higher development potential as compared with the markets in the region, due to the fact that, over the last years, much fewer investments were made in infrastructure projects as compared with the ones made in the countries in the region," Carpatcement Holding’s managing director Mihai Rohan said.
The producer of building materials Heidelbergcement entered Romania in 1998, and the investments made by now through its three divisions - Carpatcement Holding, Carpat Beton and Carpat Agregate - amount to Euro 270m, the abovementioned paper informs. 
The Romanian cement market rose to approximately 6.1Mt in 2005, a 10 per cent increase as against 2004 and they also estimate that a similar growth pace will be maintained this year.