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Warehouse Market News

Construction parts manufacturer Terwa România, took over by the American group Horizon Global

The American group Horizon Global reached an agreement for the takeover of the German company Westfalia-Automotive and of the construction parts manufacturer Terwa, present also in Romania, for EUR 125 million in cash and shares, from a consortium managed by the German private equity fund Deutsche Private Equity (DPE), which will become shareholder of the American company.

Romania – Europe’s South-East logistics gate. Reality or opportunity?

TransLogistica–the second edition of the largest transport and logistics event will take place in the period 12-15 of October 2016, daily between 10:00-18:00, at Romexpo Bucharest and aims finding the answers to the above questions.

Six companies selected to grant them state aid for new investment projects

Romania’s Finance Ministry has selected six companies out of 36 applicants to grant them state aid for new investment projects that would positively impact the local economy.

Karcher brought EUR 4 million for its factory in Curtea de Argeş. The investment reached EUR 25 million

German group Karcher has increased in July the capital of its company CER Cleaning Equipment with nearly EUR 4 million, according to data from the Trade Registry. This company is operating the construction of the vacuum cleaner factory developed by the Germans in Curtea de Argeş.

10 million lei turnover for Metav Bucureştiin H12016

Metav Bucureşti (METV), a company which managing an industrial park in Bucharest, registered a turnover of 10.3 million lei in the first half of 2016, a slight decreased compared to H1 2015.

Ford to make new car model at Craiova plant under updated deal with state

The American cars producer Ford has planned EUR 130 million in additional investments at the Craiova plant, where it will produce a new car model, and the Public Finance Ministry (MFP) will extend the production period target until 2025, according to a release of the Ministry.

INS: Managers expect advances in manufacturing, constructions, commerce and services

According to a survey by the National Institute of Statistics (INS), managers active in the manufacturing industry, constructions, commerce and services are forecasting a moderate growth in their companies’ activity for the upcoming three months.

Apparel manufacturer Moncler rented a factory in Bacău

Italian apparel manufacturer Moncler, which received a state aid of EUR 3.8 million for a factory exceeding 600 employees in Bacău county, rented a production facility of 33,600 sq. m in Bacău, according to data from the Official Gazette.

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