The German group Henkel will build a third factory in Romania, in Roznov city, south-east of Piatra Neamt, with an investement that will amount to EUR 10 million. Works on the new production unit will begin in October this year, the company has announced.Part of the investment, some EUR 3 million, will come from structural funds for increasing economic competitiveness.

The new Henkel factory will be built on an area of 36,000 sqm and is expected to become operational in November 2012. Once the construction will be complete, Henkel intends to recruit about 80 people for operations in Piatra Neamt, in the second half of next year.

Henkel already owns two adhesives and construction materials production units in Romania, in Pantelimon and Campia Turzii. The total production capacity of both factories amounts to 500,000 tones per year. Thus, once the new factory in Piatra Neamt will come into operation, Henkel's production capacity is expected to increase by 40 percent to 700,000 tones per year.

Henkel has been active on the Romanian market since 1994 and currently has 490 employees. The group had a turnover of EUR 133 million last year in Romania.

Irina Popescu, irina.popescu@romania-insider.com