Thursday, June 28, 2007

Romania: EU production base to challenge China?

Only a small percentage of the 250,000 t/y of polymer needed by Romanian plastics converters is actually produced in the country, which depends largely on imports, the newsletter Plastics Information Europe (PIE, Bad Homburg / Germany; www.pieweb.com) says in a report in its current issue. The only two major Romanian polymer producers are Oltchim (Rîmnicu Vîlcea; www.oltchim.ro) and Rompetrol Petrochemicals (Navodari / Rumänien; www.rompetrol.com). Due to its low wages, the country has considerable growth potential as a European investment location that could compete with China , PIE notes.

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