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Articles - industry investments

Arab group builds oil recycling plant in Romania with EUR 56 mln

The group Chemie-Tech DMCC from the United Arab Emirates will invest EUR 56 million in a plant that recycles the oil used in the automotive industry. The plant will be located in Oltenita, Calarasi County.

A third of the employees of the top 100 companies in Romania work in automotive industry

One in three employees of the top 100 largest employers in the economy works for a company in the automotive industry.

German luxury appliance producer invests EUR 10 mln in Romanian plant

German luxury appliance manufacturer Miele plans to expand its electronic component factory in Brasov, Romania. The investment is estimated at EUR 10 million, and will be carried out in the next two years.

Alro invests USD 53 mln in increasing energy and equipment efficiency

Alro, the largest aluminium producer in Continental Europe (excluding Russia and Scandinavia) has an investment program of over USD 53 million, for 2016, focused on increasing energy and equipment efficiency and on expanding portfolio, increasing competitiveness and product quality.

Chinese companies to invest in auto parts factory in Brasov and in real estate in Bucharest

Companies from China will invest more than EUR 100 million and nearly 18 million dollars in four new projects in Romania, including an auto parts factory in Brașov, a real estate complex in Bucharest and a solar park.

German car parts producer ups its production capacity in Romania

German car parts producer Draexlmaier has attracted a financing of EUR 40 million from the European Bank for Reconstruction and Development (EBRD) through an issue of hybrid bonds.

Fornetti factory in Timişoara exports half of its production

Fornetti Romania, a company owning the largest pastry network locally, sold last year outside borders pastry products of EUR 14 million, representing 47 pct. of the company’s business last year.

Romania, a strategic location for Nokia

Romania is a strategic location for Nokia and local market operations will not be affected by the restructuring taking place at global level after Nokia’s takeover of Alcatel-Lucent, Nokia Romania General Manager Raoul Ros assured on Tuesday.

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