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Warehouse Market News

Japanese group completes acquisition of Romanian engine factory

Japanese group Nidec has completed the acquisition of Ana Imep Pitesti, the engine factory previously owned by the local investor George Copos.

Strabag – Straco will build a new segment of Brasov-Oradea highway

The consortium comprising Strasbag and Straco Grup will build a 10.1 km sector of the highway Brasov- Oradea with a contract valued at RON 251.4 million, VAT not included, following a public tender.

Wetterbest hopes for 20 pct annual increase in turnover this year

Roof maker Wetterbest is expecting a 20 percent increase in turnover this year, following positive results registered during the first four months, according to a statement by the group. Between January and April 2016 the turnover increased by 36 percent year on year, reaching about RON 30 million.

American auto parts manufacturer could relocate factory to Arieş Industrial Park in Turda

Aries Industrial Park, situated in Turda, Cluj county, a greendfield investment made by the investment fund Europa Capital Emerging Europe, was selected as potential location for the relocation of the production facilities of a large American company, active in auto parts industry.

One week left until Realty 2016 – Latest trends and business opportunities in the real-estate industry

The fifteenth edition of the Realty conference organized by Business Review will take place on June 16 at the Sheraton Bucharest Hotel. Structured on the four main segments of the real-estate industry - Office, Retail, Industrial and Residential – the conference will be the perfect platform for discussion on the latest trends and hottest topics in the industry as well as creating a favorable environment for business matchmaking.

Fan Courier will have ten shipment centers by the end of the year

Fan Courier has opened a new shipment center in Bucharest and plans to open one more by the end of the year, taking the network total to ten, a company press release shows.

The business of German Huf increased with 15 pct, in the first three months in Romania, up to EUR 10 million

Auto parts manufacturer Huf Romania, part of German group Huf, with global business of nearly EUR 1.3 billion and approx. 7,500 employees, has registered in the first three months of the year a turnover of EUR 10 million, with 15 pct more than in the same period of last year.

Industry managers in Romania expect a slowdown in six months

The overall confidence index went down from 64 points in February to 62 in March and 60 in April, and industry managers expect a slowdown in six months, according to a barometer poll of the IRSOP research company and of the Management Faculty of the SNSPA National School of Political Science and Public Administration.

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