Holcim Romania expects its turnover to reach 190 million euros this year, although the sales were some 9-10 percent under the company’s estimates in the first quarter of 2006, the Ziarul Financiar says on Thursday. "We estimate a growth rate similar to that in 2005, of 14 per cent, if not higher," said an official of Holcim Romania Co.
In the beginning of 2006, Holcim Co. announced it will earmark some 70 million euros this year for continuing the projects it started last year, including an investment in Campulung (southern Romania), of 105 million euros until 2008, in building the biggest line for the production of gray cement in Romania. Holcim’s cement production capacity stands at 2.5Mt now, and it is to grow by some 500,000t, with the building of the line in Campulung.
