Romania: Knauf Insulation’s revenue grew by 40% year-on-year to Euro27.2m in 2022 from Euro19.4m in 2021. It attributed this to increased sales volumes and higher pricing, according to the Ziarul Financiar newspaper. The subsidiary of Germany-based Knauf acquired the Târnăveni glass wool insulation plant from Gecsat in mid-2022. It later announced plans for a Euro135m upgrade to the site including expanding the existing unit and building a new plant adjacent to it. Construction work on the project was schedule in start in January 2023.
