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Warehouse Market News

Romania Attracts More Automotive Investments, Mainly In Its Western Hubs

The auto parts manufacturers register local overall turnover exceeding EUR 14-15 billion, with a total of more than 190,000 employees in Romania. The largest of all is Continental, with 2.3 billion and 17,500 employees.

British American Tobacco To Invest EUR 21 Million In Its Romanian Factory

British American Tobacco (BAT) will relocate this spring the production for certain e-cigarette products from Great Britain to its Ploiesti factory, following an investment of EUR 21 million.

Home Appliances Distributer Marelvi Rented Warehosue In Mega Distribution Center Bucharest

Home Appliances Distributer Marelvi, controlled by local entrepreneur family Mihalescu, has invested in opening a new warehouse near Bucharest, close to the Bucharest-Pitesti highway.

CTP Expands CTPark Bucharest West With Two New Warehouses And Could Get EUR 29 Million Financing From EBRD

Industrial properties developer CTP could receive from EBRD (European Bank for Reconstruction and Development) a loan of up to EUR 29.2 million to finance the new industrial buildings in construction within CTPark Bucharest West.

Mitsubishi Could Open Engine Factory in Romania

Mitsubishi is interested in opening a new engine factory in Romania, a Greenfield investment estimated to EUR 200 million.

Teraplast Buys 50 Pct Of Metallic Tiles Manufacturer Depaco

Teraplast Bistrița (TRP) will buy the major package of 50 pct of the company Depaco, the second metallic tiles supplier on the local market through its brand Wetterbest. The acquisition is strategic for the group as its subsidiary TeraSteel is market leader for galvanized steel structures and the new products will be complementary.

Innovations Logistics Park Is Looking For A New Anchor Tenant After Nestle’s Restructuration

The departure of Nestle from Innovations Park, following the contractual cancelation before term, motivated by the company’s operations restructuration, is leaving available a generous warehouse space in Clinceni, near Bucharest.

CTP to Invest EUR 3 Million for LED Lighting In CTParks

CTP invests EUR 3 million in order to refurbish its portfolio by replacing current illumination system with LED lights, over a total area exceeding 54,000 m2, including both interior and exterior spaces.

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Alexandra Filip

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