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Warehouse Market News

Japanese group could buy Romanian electric motor producer

Romanian businessman George Copos, the owner of two Bucharest hotels and several other companies, is negotiating the sale of the electric motor producer Ana Imep to the Japanese company Nidec Motor Corporation, according to market sources cited by local Mirsanu.ro.

New repair works on Valea Oltului road, near Cozia

Romanian National Road Company announces restrictions in traffic four months, starting March 7th to June 30th on the National road DN7 near Cozia lake.

Saint-Gobain to invest EUR 4 million in glass factory from Călărași, Romania

Saint-Gobain, French group with activities in manufacturing and distribution of construction materials announced EUR 4 million investment planned for the company’s glass factory in Călărași, half of the budget being dedicated to increasing production capacities.

Continental Tires receives Best Supplier Award from Automobile Dacia

Continental, one of the biggest automotive suppliers and one of the most important tire producers, receives the „Best Supplier” award, the highest recognition, from Automobile Dacia. This distinction follows the completion of a set of evaluations on many levels of activity, such as good partnership and communication, flexibility, performance in terms of quality and reliability.

Industrial production prices down 0.6% in January

Industrial production prices for the total (domestic market and non-domestic market) decreased by 0.6% in January 2016 compared to December 2015 and with 2.0% in January 2016 compared to January 2015.

Spices producer Supremia plans to build 8,000 sq. m warehouse in Alba-Iulia, Romania

Supremia Grup, one of the largest players in the ingredients for food industry and spices market, plans to complete its research and innovation centre in 2017, followed by the development of a warehouse near the factory owned in Alba-Iulia.

Factoring market, up by over a third in Romania

Romania’s factoring market grew last year by 35% to EUR 3.65 billion, supported mainly by small and medium-sized companies with up to EUR 5 million in revenues.

ADM Farm’s warehouses near Bucharest for sale at EUR 4.2 million

Several warehouses of the insolvent drug distributor ADM Farm are put on sale for nearly EUR 4.2 million by CITR, the company’s judicial administrator.

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