HeidelbergCement: cement consumption dropping by 30 per cent
October 2009 - From the Print Edition
After Romania’s real estate and construction market has collapsed, construction material producer HeidelbergCement is investing 60 million Euro this year in doubling its annual production capacity to reach 4.5 million tonnes.
In 2008, the company announced a more daring plan including building a new plant, but due to the demand drop, this large investment was no longer justified, says Mihai Rohan, president and CEO of Carpatcement Holding. “We estimate that, by the end of 2009, we will rea...
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