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Warehouse Market News

Third section of the Orastie-Sibiu Highway to open to traffic on Friday

According to information that ZF daily obtained from the National Roads and Highways Company (CNADNR), the third section of the Orastie-Sibiu Highway (22 km), located between Silistea and Cunta, will open to traffic on Friday.

Voestalpine VAE Apcarom profit up by 70 pc in first nine months

Rolling stock producer Voestalpine VAE Apcarom has reported a net profit of RON 7.74 M in the first nine months of the year, up by 70 per cent compared to the same period last year, when its profit stood at RON 4.54 M, according to the report that the company has sent to the Bucharest Stock Exchange (BVB).

Sisecam Group makes largest Turkish investment in Romania

Sisecam Group, one of the leading actors of the global glass sector, has opened GlassCorp automotive glass facility in Romania, due to Group’s sustainable growth target.

Romania’s industrial production up 7.4% in nine months

The industrial production increased by 7.4% year-on-year in the first nine months of 2014, as gross series, and by 8.5% as adjusted series by number of working days and seasonality, mainly due to the growth in manufacturing industry (up 8.8%) and in mining and quarrying (up 0.6%), according to data from the Statistics Institute INS.

Cemacon reports 37 percent increase in nine-month turnover

Ceramic blocks producer Cemacon reported a 37 percent increase for the first none months of the year, compared to the same period of the previous year. The company posted for the first nine months of the year a net result of RON 3.76 million and a gross turnover of over RON 51 million.

General Turbo fires 30 percent of its staff on reduced orders

Turbine and generator builder General Turbo from Bucharest will cut down the number of employees from 650 to 450, given the “dramatic drop” in orders on the local and foreign markets, according to information sent to Mediafax.

EU to co-finance Romania’s Suceava – Botosani road revamping

The European Union will co-finance a EUR 20 million project to modernize the road connecting the cities of Suceava and Botosani in Northern Romania.

New UPS regional facility opened in Timisoara

This new facility offers larger operational capacity to better serve companies in Western and Central Romania.

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