Industrial market in Bucharest has increased ten times in the last 13 years, according to real estate pundits, being also followed by the impressive growth of the industrial regional hubs in the country, mainly Timisoara, Ploiesti and Cluj-Napoca. In the end of the first half of 2016, the modern stock of industrial and logistics spaces outside Bucharest exceeded Bucharest stock with nearly 30 pct., showed a study published by DTZ. Ploiesti registered the third industrial area in Romania, more than 250,000 square metres of industrial space, being only exceeded by Bucharest and Timisoara.
Blachotrapez, the leader of the Polish metal roofing market, with the largest retail network in this country, plans to expand this year with a new production facility, to be built next to the Baia Mare factory, with an investment of 800,000 Euros.
Germany's Reiff Elastomertechnik (RET), a Reiff group company, has recently opned a factory within the Electroprecizia Industrial Park. The Germans rented a 3,250 square metres facility, employing 100 people.
The Competition Council analyzes the transaction by which the PET production and sale division of Amraz Romania SRL is taken over by ALPLA Plastic SRL.
Japanese company Takata Corp, which has three factories in Romania, will file for bankruptcy next week, as it seeks to reach a financial deal with Key Safety System manufacturer, according to sources quoted by Reuters.
The total stock of modern industrial and logistic spaces in Bucharest has increased approximately 10 times between 2004 and 2017 to almost 1.2 million square meters, being supported primarily by the positive evolution of consumption and purchasing power, shows a C&W Echinox study.
American company Timken invested 60 million dollars in its second factory in Ploiesti, Romania, where 120 people will work, said Andreas Roellgen, vice president of Timken Europe, Asia and Africa.
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