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Warehouse Market News

Altex signs lease of 15,000 sqm within P3 Bucharest park

Altex, one of the largest electronics, home appliance and multimedia retail chains in Romania, has signed a new lease on 15,000 m2 of warehouse space at P3 Bucharest park. The deal will double the size of its logistics hub, accommodating the needs of its growing business.

Romanian industry production up by 5.3 pct in November 2016

Romania’s industrial production went up by 5.3 percent in November 2016 compared with the same month of 2015, an increase supported by the key-sector of manufacturing, shows the most recent data of the National Institute of Statistics (INS).

Arctic gets EUR 36 million state aid for washing machine factory in Romania

Appliance producer Arctic has just received a state aid of RON 162.5 million (EUR 36.1 million) to build its second plant in Romania, where it will produce washing machines.

PPG Completes Acquisition of Romanian Paint and Coatings Manufacturer DEUTEK

PPG (NYSE:PPG) have announced that it has completed its acquisition from the Emerging Europe Accession Fund (EEAF) of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer that reported sales of 30 million Euros in 2015. Financial terms were not disclosed.

Romania’s exports reach record level of EUR 5.3 bln in November

Romania’s exports reached a record level of EUR 5.3 billion in November 2016, up 11.7% compared to the same month in 2015.

Logistic and industrial space deliveries to exceed 340,000 sqm in Romania

Deliveries of new logistics and industrial spaces will exceed 340,000 sqm this year, a level similar to the one recorded in 2016, according to real estate experts.

Teraplast Bistrita opens subsidiary in Serbia to boost exports

Teraplast Bistrita, the producer of materials for installations and constructions, has opened a subsidiary in Serbia, in a move designed to increase the value of exports in this country.

Italian group plans to move production from China to Romania

Italian group Custom, a manufacturer of printing technologies for the professional market, plans to transfer its production from China to Romania on the long run, said Marius Ursulescu, the general director of the group’s local subsidiary, reports local Ziarul Financiar.

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