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Warehouse Market News

Siniat closes Bucharest factory and Nucsoara quarry in 2016

Siniat Romania, manufacturer and supplier of plasterboard systems and plasters, announced it would close its factory in Bucharest and quarry in Nucsoara as part of a plan to concentrate production in its recently opened Turceni factory.

US group Timken to invest EUR 54 million in its factory near Ploiesti, Romania

US group Timken will invest EUR 54 million in its new auto parts factory in Ariceștii Rahtivani near Ploiesti, a project receiving EUR 15 million state aid.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

The real estate developers plan for next year in Romania a record area of projects, namely more than 700,000 sq. m, representing more than EUR 800 million investments.

Siemens Romania plans to modernize factory in Sibiu

Siemens Romania will modernize by the next summer its Sykatec factory in Sibiu, which produces electrical components and special cables, said George Costache, company’s general director.

Highway section built one year ago in Romania, closed for repairs until June 2016

A segment of the Sibiu-Orastie highway in Transylvania, which was closed in September due to structural problems, will remain closed until June next year.

Romania, among the biggest bicycle producers in the EU

Romania ranks sixth in the EU in terms of bicycle production, as the country has produced 820,000 bicycles in 2014, according to a report of the Confederation of the European Bicycle Industry CONEBI.

A factory in Timisoara, on sale for EUR 4 million

CITR, the judicial administrator of the construction materials manufacturer Energoterom in Timişoara county, has put on auction sale for nearly EUR 4 million a factory, producing expanded polystyrene, sandwich panels, pipes and insulated accessories, according to data on the company’s website.

Teraplast Bistriţa to outsource its warehouses and transport fleet

PVC joinery manufacturer Teraplast Bistriţa (TRP) will transfer its logistics activities, namely warehousing and transportation, on a separate company, in order to reduce its costs and will focus on its main activities.

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