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German car parts producer Eberspacher will invest EUR 32 mln in new factory in western Romania

German car parts producer Eberspacher will invest EUR 32 million in a new factory within the Eurobusiness industrial park in Oradea, in the west of Romania. The factory will produce exhaust systems.

Romanian meat processing industry remains stable despite two major insolvencies

According to a Coface study of the companies operating in the meat processing industry, the revenues remain stable at sector level, and the consolidated net result tends toward the minimum threshold of profitability, based on financial data available for 2014.

OMV Petrom invests EUR 18 M in storage infrastructure

OMV Petrom has finalized its works on upgrading its oil storage site in Cluj, following an investment of approximately EUR 18 M, a company press release informs.

Cornel Caramizaru is FrieslandCampina Romania’s new general director

FrieslandCampina Romania will have a new general director starting January 2016, Cornel Caramizaru, replacing Jan Willem Kivits who has moved on to become FrieslandCampina Russia’s general director.

French car parts producer Faurecia opens new plant in Romania

French car parts producer Faurecia will open a new factory for automotive upholstery in Ramnicu Valcea, Romania, following a EUR 12 million investment.

Auto market’s growth rate in Romania, three times higher than average European growth rate

The Romanian auto market registered spectacular growth in November, car sales registering a growth of 41.5 per cent, three times higher than the average 13.7 per cent growth registered at European Union level, the data published by the European Automobile Manufacturers’ Association (ACEA) show.

Alevia sees 6 pct hike in sales in Q3 2015 after factory expansion

Local food supplements and tea manufacturer Alevia announced a 6 percent rise in sales during the third quarter of 2015 as compared to Q2. Acording to the company this positive result was mainly due to the expansion of its Falticeni plant, a EUR 1 million investment, but also to an increase in demand for its Ginko biloba products.

Auto parts distributor Inter Cars rents warehouse in Piteşti

Auto parts and accessories distributor Inter Cars, active on the local market since 2008, rented a new building in Piteşti, Arges county, on 12 Depozitelor St., according to data from Romanian Official Gazette.

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