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Articles - industry investments

Romaero expects 23 percent business increase and plans Boeing contract expansion

Aircraft components manufacturer Romaero estimates a 23 percent increase in turnover to RON 98.82 million (EUR 22.34 million) for this year, and zero profit after three consecutive years of losses, while aiming to extend the contract with the American builder Boeing, according to Mediafax.

French car parts producer invests EUR 8 mln in new factory in Romania

French car parts producer Faurecia will invest EUR 8 million in its largest production unit in Romania, located in Ramnicu Valcea, where it will hire 1,600 employees.

Romanian car parts producer invests EUR 10 mln in equipment line

Local car parts producer Compa Sibiu will invest EUR 10 million to buy an equipment line, which would help it maintain its position as one of the large European auto parts manufacturers.

Renault group invests over EUR 20 mln in Romanian data infrastructure

Renault Group’s Romanian IT infrastructure, managed by the Directorate of Information Systems Renault Romania (DSIRO), contains over 8,500 computers, industrial PCs and graphic stations, more than 2,000 km of network and 10,000 mobile and fixed telephones, according to a company release.

Romanian metal tile producer opens new production line with EUR 1.5 mln

Metal tile producer Depaco will open a new production line in its factory in Baicoi, in Prahova county, as part of a EUR 1.5 million investment program.

Paper and cardboard producer Vrancart Adjud to invest 10 mil. € in production growth

Vrancart Adjud (VNC), controlled by SIF Banat-Crişana (75%), has planned for this year investments of nearly EUR 10 million for the efficiency and production capacities growth.

Belgian company will build parts for Airbus in Romania

Belgian company Sonaca bought a 20,000 sqm plot in Turda, north-western Romania, to build factory that will produce parts for the Airbus aircraft wings.

New Romanian-Chinese memorandum for power plant

Thermal electricity producer Complexul Energetic Oltenia, which is controlled by the Romanian state, and the state-owned Chinese company China Huadian Engineering plan to form a joint venture in a public-private partnership called Huadian Oltenia Energy, which should build a new energy group with a 600 MW capacity at the Rovinari power plant.

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