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Warehouse Market News

Lafarge to sell Romanian assets for merger approval

Cement makers Lafarge and Holcim on Monday announced asset sales they are proposing to competition regulators as part of their merger plan, including all of Holcim’s French activities and Lafarge’s German ones, according to Reuters.

CBRE: Transaction value down compared to 1Q

Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.

Bilka Steel opens new production line in Brasov

Metallic tile producer Bilka Steel, inaugurated a new production line in Brasov on Monday. The new facility will increase production capacity by 30 percent, according to a press release from the company.

Development possibilities in SEE

The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.

Sumitomo opens new factory in Drobeta Turnu Severin

Japanese group Simotomo, owner of a car wiring factory in Caransebes, will continue its investment in Romania with a new production unit at Drobeta Turnu Severin set to open on August 18. The group will hire 2,000 people for the new factory, located in a hall on the Paper Compound platform.

Tibbett Logistics opens tenth warehouse in Romania

Keswick Enterprises Group member company, Tibbett Logistics, announced on Friday that it has extended its logistics business in Romania with an unnamed leading European multi-national retailer to include the storage and distribution of non-food imports from Asia Pacific and European suppliers.

Buzoianu family to sell Retrasib to invest in Cluj Business Center

Businessmen Octavian and Călin Buzoianu, who control over 80 pct. of the Retrasib Sibiu (RTRA)shares, mostly through the companies Institut Proiect and Trafo Proiect, intend to sell their shares in the engine, generators and electric transformers manufacturer to the German company SGB-Smit International, in order to focus on other projects ongoing.

Chinese companies willing to invest in Romanian IT

The Chinese companies are willing to invest in several Romanian sectors such as the information technology, steel-making, engineering, trade and infrastructure, said Shi Guangliang, deputy managing director of the Commerce Department of Chinese Shandong Region, who attended a seminar organised by Ernst&Young on Friday, Agerpres reports.

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