Prodplast (PPL), a company manufacturing plastic products, controlled by Pogonaru family, will buy plots of land with a total area of more than 34,000 sq. m and production facilities with a total area of more than 17,000 sq. m, shows a stock exchange report.
Swedish group Zewa, one of the well-known paper manufacturers worldwide, a giant with EUR 12 billion business and 50,000 employees, plans the development of a factory in Romania, in Păuleşti, Prahova county, a project with a value of nearly EUR 21 million.
FM Logistic Romania, one of the largest players in logistics and transport sector, invests EUR 20 million in a warehouse of 20,000 sq. m, for drugs, medical equipments and cosmetics.
Faurecia opened in Ramnicu Valcea a plant for automotive seat covers that is expected to equip with upholsteries 280,000 cars in 2016 only. The factory, representing an EUR 12 million investment, became the company’s fourth in Romania, alongside those in Talmaciu (Automotive Seating, covers), Craiova (Emissions Control Technologies) and Pitesti (Interior Systems).
European car producers intend to relocate their research centers to Eastern Europe following the UK vote in favor of Brexit, to decrease their costs and to preserve free access to the European market, reports The Guardian.
Although the industrial production decreased by 1.1 percent in euro area and by 1 percent in EU28 in July 2016, compared with June 2016, Romania is among the EU states where output of the industry grew by 0.6 percent, according to the European Statistics Office (Eurostat).
Connect Events organizes in Bucharest on 28 October 2016 the conference "Made in Romania". The event will bring together 100 participants and aims to create a space for free debate for producers, traders and public authorities. With the help of its guests, the conference will make a scan of the local business environment, identify opportunities and risks in the market and will present the success stories of the great Romanian business.
Chinese beer producer China Resources Beer Holdings Co ponders taking over SABMiller’s operations in Central and Eastern Europe, which are valued at around USD 6 billion, according to Bloomberg.
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