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Articles - industry investments

Italsofa, part of Natuzzi group, to invest EUR 6-8 million in Baia Mare factory

Sofa manufacturer Italsofa Romania, parte of Italian group Natuzzi, plans to invest in the following years EUR 6-8 million in modernization of Baia Mare factory production, part of the financing being granted by EximBank.

US group Timken to invest EUR 54 million in its factory near Ploiesti, Romania

US group Timken will invest EUR 54 million in its new auto parts factory in Ariceștii Rahtivani near Ploiesti, a project receiving EUR 15 million state aid.

Siemens Romania plans to modernize factory in Sibiu

Siemens Romania will modernize by the next summer its Sykatec factory in Sibiu, which produces electrical components and special cables, said George Costache, company’s general director.

Miele Group invests EUR 1 M in expansion of Brasov plant

Miele, the German producer of high-end domestic appliances, is developing a software division in Brasov County, where the company already owns a plant which manufactures components for its production units in Europe and the world.

US company builds new bearings factory in Romania’s Ploiesti

US group Timken will build a new factory near Ploiesti which will produce bearings. It will be their second plant in Romania.

New Airbus Helicopters factory opens in Brasov

Airbus Helicopters Industries has inaugurated a new 10,000 sqm factory in Brasov, company representatives inform. The factory is designed to host the production of the H215 helicopter, the company’s newest model.

British company moves production lines from Germany to Romania

British company TT Electronics, which makes electronic parts for the car, aerospace, defence and medical sectors, has completed the transfer of ten production lines from Germany to Timisoara, western Romania.

Indian company wants to invest USD 150 mln in Romania’s poultry sector

Indian company IBS Synergies wants to invest USD 150 million in Romania’s poultry sector for an integrated greenfield project.

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