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Articles

2016 – The year of massive logistics expansions. Warehouse request exploded driven by consumption

Retail sector, including e-commerce, was the most active this year on the logistics space rental market, therefore all major players in the field have invested in adjusting their delivery and storage capacities, in order to meet the large request for warehouses, has declared for Profit.ro Cristina Pop, head of Industrial within JLL Romania.

Study: 2016 – best year for Romanian real estate market since 2008, with 1 million sqm delivered

Deliveries of retail, logistic and office spaces stood at 956,000 square meters this year, up by 88 percent compared to 2015, marking the best year for the Romanian real estate market since 2008, a study by DTZ Echinox shows.

Dedeman bought two plots in Zalău from brick manufacturer Cemacon for EUR 1.9 million

Bricks manufacturer Cemacon announced the completion of the sale transaction involving two plots of lands in Zalău, purchased by the construction materials and DIY retailer Dedeman.

German Preh planned EUR 13 million investments for auto parts factory near Brasov

Auto parts manufacturer Preh România, supplier for Porsche, Mercedes, Audi or BMW, completed this year an investment program of EUR 8.2 million, including new equipments for a new production facility with an area of 13,000 sqm.

Swiss company invests EUR 44 mln in factory in Northern Romania

Swiss company Alu Menziken will invest EUR 44 million in a plant located in the village of Mediesu Aurit, Satu Mare county.

Sitemani, manufacturer from Braşov, to invest EUR 1 million in new production lines

Sitemani, a company owned by two Romanian entrepreneurs, manufacturing mustard and different sauces, aims this year a turnover increase with 5-10 pct., reaching total sales of EUR 4.5 million, according to ZF calculations based on data from the Ministry of Finance.

Dräxlmaier expands production in its Braşov, Hunedoara and Piteşti factories

German auto parts manufacturer Dräxlmaier, with global turnover of 3.7 billion Euros and more than 55,000 employees, including nearly 15,000 working in factories in Romania, is currently undergoing a production expansion process of the production in its factories from Braşov, Hunedoara and Piteşti.

Romania sees highest increase in labor costs in EU

The average hourly labor cost grew by 14.7% in Romania between July and September compared to the same period last year. It was the highest growth in the European Union, according to EU’s statistical office Eurostat.

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