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Warehouse Market News

EC approves phasing of major infrastructure projects in Romania

Seven major infrastructure projects, which Romania should have completed during the 2007-2013 financing period, have received the greenlight from Brussels to continue receiving funds from the new EU budget so they can be completed.

Saint-Gobain buys Romanian Pietta Glass

Saint-Gobain, the France-based producer, processor and distributor of construction and high-performance materials and packaging, has taken over Romanian company Pietta Glass for an undisclosed sum.

Turkish company to open starch factory near Constanta

Turkish company Tosmur Group announced that it would invest EUR 204 million in a starch factory in Medgidia, in Constanta county.

3 km of highway A3 in Petricani area will be functional at the end of the year

The construction works for the 3 km of highway A3 Bucharest-Ploiesti, in Petricani area, are developing according to the execution program and will be finished at the end of the year, if the weather won’t be very bad in the next period, said on Tuesday the head of the National Administration Company of Road Infrastructure (CNAIR), Catalin Homor, according to Agerpres.

German group acquires tile factory from Elpreco Craiova

German group Braas Monier, which owns the Sibiu-based roof tile producer Bramac Sibiu, has completed the acquisition of a tile factory owned by Craiova-based Elpreco.

Industrial output in Romania slowed down this October

Industrial output in Romania slowed down again this October, after a bounce in September, at the end of five consecutive months of declines, but managers are still optimistic as the year is closing in, reveal the findings of an October 2016 industrial barometer conducted by IRSOP and the Management Faculty of the Bucharest National School of Political and Administrative Studies (SNSPA).

Alro Slatina’s net profit down more than one third to RON 94.2 mln on nine months

The aluminium producer Alro made a net profit of RON 94.25 million in the first nine months of the year, which is 35.12 percent lower than a year ago.

Rheinmetall and Romanian factory to make military vehicle in joint venture

German technology group Rheinmetall, which is also active in the defense sector, will create a joint venture with Romanian Moreni Auto Mechanics Plant, part of state-owned ROMARM, for the construction of a 8×8 transport carrier.

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