TeraPlast Group’s results in the first quarter of 2024 exceed both the budget and the previous year’s performance, driven by streamlining the activities in each business line and organic growth alike. Positive contributions to the Group’s results were brought by the start of production at the Opal stretch film factory and the integration of Palplast’s operations in the Republic of Moldova, the recently acquired company.
PepsiCo, a leader in the food and beverage industry, announced a USD 13 million investment in installing a fully automated production line at its soft drink factory in Dragomirești, Romania. The move is aimed at strengthening the company’s position as a regional production and distribution hub for Central and South-Eastern Europe.
Regency Front, one of the largest manufacturers of MDF fronts, has invested 6 million euros in a new line dedicated to painted doors, with last generation technology and equipment. Production capacity reaches 700 m2/exchange and also integrates, at the same time, the largest lacquer line in Romania and fully automated edge sanding or primer application machines. The final products are dedicated to both B2B customers and end consumers.
Leading sustainable solutions provider DS Smith Packaging, is increasing its innovation footprint in the Romanian market with an investment of over €13million in its Ghimbav production site. Work at Ghimbav is expected to be completed by the end of 2023, and will support customers’ sustainability goals as well reducing carbon emissions on site.
Lödige Industries, a leading provider of logistics systems, is significantly expanding its capacities in Brasov, Romania. Plans call for a near doubling of the production area to more than 4,000 square meters. Additional office and sanitary facilities are also being built. Construction has begun at the end of the first quarter of 2023. Production operations in the new building are expected to start as early as the end of this year.
Saint-Gobain Romania and ENGIE Romania announce the conclusion of a partnership for the construction of the largest photovoltaic park in Romania, located on the land of the company's glass factory.
Knauf Insulation, one of the largest manufacturers of insulation solutions in the world and part of the German Knauf group, acquired the Gecsat SA glass mineral wool factory, from Târnăveni, Mureș County.
Ford Otosan, the largest commercial vehicle manufacturer in Europe, will take ownership of U.S group Ford’s Craiova plant and production activity in Romania, a process conditioned by the approvals from the relevant authorities.
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