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Bucharest
December 7, 2022
BUSINESS

Carpatcement – positive results in 2011

In a year 2011 that posed challenges, the cement, concrete and composite divisions of the Carpatcement group, member of the international group HeidelbergCement increased their respective sales figures by 7 pc (Cement), 20 pc (Concrete) and 35 pc (Composite materials), compared to the similar interval of 2010, despite a financial context that continues to be difficult for the Romanian construction market, company officials announced in a press meeting yesterday. Thus, Carpatcement consolidated business returned on positive line last year, an increase of a number from the previous year, after two years of declines – EUR 214 M in 2010 and EUR 238 M in 2009, according to ministry of Finance.“The market already started to show some signs of improvement and might take a constant path of economic growth, if there will be macroeconomic and political stability and if the economic recovery measures announced by authorities will really be enforced,” said Florian Aldea, Country Manager of the Carpatcement group. Speaking about the cement sector, the main segment targeted by Carpatcement, Aldea said that the market might stagnate or advance by 2-3 pc this year, in line with the evolution of the construction industry. He also referred to the need for improving the rate at which European funds are attracted, giving the example of neighbor states like Poland. For 2012, Carpatcement officials estimate a level of investments similar to that of 2011, respectively EUR 8.5 M, focused on modernising the equipment, diversifying the services and, most of all, the efficiency of human resources, as the company did not operate layoffs.

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