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Articles - industry investments

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.

Continental invests EUR 12 million in Timişoara factory expansion

Electronic auto parts factory Continental in Timişoara will invest EUR 12 million in the expansion of its facility with more than 7,000 sq. m. of warehouses, offices and social areas.

Fiat Chrysler Automobiles is interested in a partnership with Uzina Mecanica Bucuresti

The Fiat Chrysler Automobiles, owner of the Jeep brand, is interested in a partnership with Uzina Mecanica Bucuresti (Bucharest Mechanical Plant, UMB), a subsidiary of the state-owned military technique company ROMARM. A preliminary meeting in this respect took place on Tuesday in Bucharest.

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