Interview with Cecile Morenas, CFO Lafarge Romania: Local competitiveness is key
Despite the announced economic growth registered in 2013 and Q1 2014, the Romanian construction sector is still affected by the low private investments and reduced EU funds absorption for the big infrastructure works, Cecile Morenas, the CFO of Lafarge Romania told the Diplomat-Bucharest in a recent interview. 2014-07-15 12:42:42
"Also, the slow and difficult process that follows the approval of EU funds allocations is discouraging local initiatives and affects the cash availability and solvability of the companies in the construction business. Such cash limitations impact the entire industry," the CFO stated.
According to the manager, the energy sector policy is important for the cement and overall construction industry, since energy "spending accounts for 30 per cent of the costs (Lafarge). In this regard, local competitiveness is key. Therefore, we recently announced an investment project for municipal solid waste co-processing in our cement plant in Medgidia, co-financed by the European Regional Development Fund. This will allow us to use alternative fuels, will have as a long term effect the natural resources conservation as it will increase the substitution rate of fossil combustible and will contribute to the 2020 national objectives on waste management. The overall value of the project amounts to 40,876,474.61 lei (estimated 9.5 million Euro), of which the value of the non-reimbursable aid is 15,712,423.78 lei (estimated 3.6 million Euro). The duration of the project implementation is 19 months, during which the project will create new jobs, and thus contribute to the increase of economic competitiveness of the South-Eastern Development Region," Morenas said.
Lafarge Romania initiated this project as part of the "National Pole of Competitiveness in promoting advanced manufacturing systems for the implementation of green economics principles-MEDGreen", in partnership with other local companies, with the involvement of Medgidia City Hall and Ovidius University in Constanta. Co-processing is a waste recovery method, acknowledged at European level as one of the best practices focusing on the efficient use of resources, as both the recycling and the use of waste energy are processes carried out simultaneously in cement manufacturing.
The full interview with Cecile Morenas, CFO Lafarge Romania since January this year will be published in the upcoming edition of The Diplomat-Bucharest, focusing on French and Us investments in Romania, as part of the Country Focus series.
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
| |
|
|
advertising
advertising
advertising
|
| More on News |
| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
|
| Dacia receives 115.8 million RON in state aid from the Finance Ministry  The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.
|
| EBRD cuts economic growth forecast for Romania  Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...
|
| OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg  OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...
|
| Fondul Proprietatea expresses disappointment over Engie listing rejection  Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...
|
| Europe must become a producer of new technologies, not just a consumer of technologies, says EC  Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...
|
| FDI in Romania rises 10 per cent after ten months in 2018  Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani...
|
|
