Swedish-held Nolato has decided to sell its operations in Romania, which generate annual sales of just over EUR5.4 million and profitability below the group’s average, it said in an announcement.
Knauf Gips, a subsidiary of Germany’s Knauf Group, has reached an advanced stage in its EUR88 million investment in the drywall plant in Huedin, Cluj County, one of the largest recent investments in Romania’s construction material industry.