Baumit International reports turnover jump

Baumit International managed a year on year turnover increase in 2010.The company, which is based in Waldegg, Lower Austria, said today (Fri) that its turnover soared by 10 million Euros to 790 million Euros in 2010. The construction material firm does business in 29 countries in Central and Eastern Europe (CEE).Baumit International said it recently set up its fourth factory in Poland. “We invested an overall 16 million Euros,” said a spokesman about the facility in Steszew near Poznan.Meanwhile, Klosterneuburg-based equipment chain BauMax said its turnover rose by seven per cent to 1.5 billion Euros year on year in 2010. The firm manages 149 stores in Austria, the Czech Republic, Slovakia, Hungary, Croatia, Slovenia, Romania, Bulgaria and Turkey.