The Knauf Group will increase its mineral wool production capacity in Central and Eastern Europe with a €135 million investment.
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.
The investment will allow the company to increase its annual production output to 75,000 tonnes of mineral wool every year.
The new facility is scheduled to be completed by 2024. It will create more than 100 new jobs and hundreds of additional jobs for regional suppliers, contractors and vendors.
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.
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.”