As well as retrofitting the existing plant, which was acquired earlier this year, Knauf Insulation plans to expand its presence by building an additional insulation facility.
This investment will allow the company to significantly increase its annual production output, manufacturing more than 75,000 tonnes of Mineral Wool every year to satisfy growing demands in Central and Eastern Europe.
The new facility is on track to be completed by 2024. It will create more than 100 new jobs and hundreds of additional jobs for regional suppliers, contractors and vendors.
Modernising the existing plant
The existing Romanian plant in Târnăveni, Mureș County, has already undergone a series of upgrades and has been brought up to date in line with Knauf Insulation’s manufacturing standards.
These modernisations will help to accelerate the production of innovative Glass Mineral Wool with ECOSE Technology® and composed of up to 80% recycled glass.
Adrian Garofeanu, General Manager of Knauf Insulation Romania and Bulgaria, also emphasised the positive impact of the upgraded plant on the local community and economy, explaining: "As a family business with Menschlichkeit (humanity) as one of our core values, it is important for us to be a good employer and a good neighbour in all the communities where we operate.
We are proud to play such an important role in the community and economy of Târnăveni and we look forward to strengthening our relationship with those who work at the factory, the local community and the Romanian authorities.”
Investing in Romanian construction
The development of the Târnăveni site is one of two investments that the Knauf Group is making in Romania. The Group has also announced plans to invest more than €70 million in a plasterboard factory in Huedin, Cluj County.
Combined, these projects total over €200 million, the biggest investment that has been made in the local construction market in five years. They will also generate over 200 total new jobs across both sites.
The investment has been welcomed by the Prime Minister of Romania Nicolae Ciucă who said: “These German investments in our country are a signal of trust that strengthens economic relations. We highly appreciate Knauf’s recent commitment. The company has been expanding its presence in Romania for many years.”
Driving energy efficiency across Eastern Europe
Alexander Knauf, General Partner of the Knauf Group, said: " Together, we are setting new standards for building and living in Romania. I am very pleased that with this investment of more than EUR 200 million, we can support the energy saving initiative by providing the necessary building materials."
The development and expansion of Knauf Insulation’s Glass Mineral Wool factory will significantly contribute to the improved energy efficiency of buildings within Romania and the surrounding countries.
Increased availability of Mineral Wool insulation will encourage the renovation of more buildings, helping to reduce energy consumption and provide a long-term strategy for energy security, which is desperately needed to complement the proposal for short-term measures, such as heat pumps.
In addition to saving energy, renovating buildings reduces greenhouse gas emissions and boosts the economy. In Europe, buildings are responsible for 36% of CO2 emissions, and renovation contributes to significant action against climate change, while creating thousands of new jobs.
At the same time, there are unprecedented levels of funding being made available to European countries through programs such as the European Union Green Deal, Fit For 55, the Renovation Wave and REPowerEU to increase the number of energy efficient buildings and drive the decision for more renovations, especially in public buildings such as hospitals and schools, as well as single-family homes.
About Knauf Insulation
Knauf Insulation products save energy, cut emissions and make sure buildings are good for the environment and keep people healthy, safe and well.
With over 40 years of experience in the insulation industry, we now employ nearly 6,000 people across more than 40 countries with 30 manufacturing sites in 16 countries.
Knauf Insulation is part of the Knauf Group, which employs more than 40,000 people worldwide, operating more than 300 factories, generating sales in excess of 12.5 billion Euros. The Knauf Group was founded in 1932 and is a family-owned company driven by the values of Partnership, Commitment, Entrepreneurship and Menschlichkeit (Humanity).