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News Knauf Insulation details Euro135m Târnăveni dual insulation plant plans

Knauf Insulation details Euro135m Târnăveni dual insulation plant plans

Written by Global Insulation staff
14 October 2022
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Romania: Knauf Insulation will invest Euro135m in expanding its Târnăveni glass wool insulation plant and building a new adjacent plant at the site. Knauf Insulation says that the major expansion will advance the Romanian government's 'energy savings offensive' by supporting a renovation drive for the country’s housing stock. The government aims to increase the national area of modern renovated properties by a factor of six, with a Euro30bn allocation from its Recovery and Resilience Fund.

Germany-based Knauf's managing partner Alexander Knauf said “The commitment demonstrates our trust and confidence in the country and our employees. We look forward to becoming part of the local community. Together, we are setting new standards for building and living in Romania.”

Operations at the original Târnăveni glass wool insulation plant recently recommenced following a Euro4m upgrade by Knauf Insulation, which completed its acquisition of the plant in May 2022. Previous owner Gecsat produced insulation at the site from 2008.

Last modified on 27 October 2022
Published in Global Insulation News
Tagged under
  • Romania
  • Plant
  • investment
  • Glass Wool
  • Knauf
  • Knauf Insulation
  • Gecsat
  • renovation
  • housing
  • government
  • target
  • National Recovery and Resilience Plan

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