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Warehouse Market News

Reynaers Aluminium Romania expects 15 pct business growth this year

Reynaers Aluminium Romania forecasts a 15 percent increase in turnover for 2016, to EUR 8 million, after ending last year with a EUR 7 million turnover, according to a company statement, a whopping 75 percent above 2014.

Romania’s Pitesti-Sibiu motorway to be ready by 2021, says minister of Transport

The new completion deadline for the Pitesti-Sibiu motorway is 2021, two years earlier than the previous 2023 predictions, after the specially designed unit for the implementation of this project found solutions for advancement, according to Dan Costescu, the minister of Transport, speaking before the Senate, as cited by Agerpres.

Take-up on the industrial market in Romania will remain constant this year

The gross take-up of industrial spaces (including relocations, renegotiations and extensions) will be similar this year to the take-up registered in 2014 and 2015, mainly from logistics companies in Bucharest and automotive companies in the rest of Romania, the level of rents being constant at EUR 3.5-4 / sq. m/ month.

Romanian cardboard producer ups turnover by 6%

Cardboard producer Vrancart Adjud, which is controlled by the local investment fund Banat-Crisana, wants to invest over EUR 18 million in modernizing and increasing its production capacity this year and in 2017.

Romania’s exports rise by 4 pct to EUR 54.6 bln in 2015

In 2015, the value of Romania’s total exports was of EUR 54.6 billion, registering an increase of 4 percent from 2014 with approx. 74 percent of the exports going to the European Union.

Industrial production up 2.7 percent on the year in 2015

Industrial production rose by 2.7 percent in 2015 as gross series compared to 2014, reports the National Institute for Statistics (INS). This was supported by manufacturing (+3.5 percent) and the electricity, gas, steam and air conditioning supply (+1.3 percent), while mining and quarrying dropped 12.5 percent.

Logistics company UPS opens new hub in Romania’s Cluj-Napoca

US logistics company UPS has introduced a new cargo flight segment and has opened a new operational center in Cluj-Napoca.

Cold cuts producer Caroli could reopen factory in Tulcea

Caroli Foods Group, the largest local producer of cold cuts, will examine the possibility of reopening the factory he owns in the county of Tulcea, which had been closed since 2011. The company currently has a function al production facility in Pitesti.

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