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Warehouse Market News

Chinese company is after insolvent Romanian chemical producer

A Chinese petrochemical company is interested in buying Romania’s insolvent state-owned chemical producer Oltchim, and exploiting oil in Romania. The company’s representatives will meet Oltchim’s judicial administrators this week.

Enel invested EUR 3.28 million in plant upgrade

Enel Muntenia Distribution announced it has completed the upgrading(high / medium voltage) of the substation of Chitila, Ilfov. The station supplies energy to over 17,000 consumers and modernization works required an investment of sbout RON 14.7 million (EUR 3.28 million).

About 5% of Romanian carriers enter insolvency every year

About 5% of Romania’s transport companies enter insolvency every year, especially because of infrastructure and tax-related issues, but also because of unfair competition, said Florinel Andrei, secretary general of the Romanian Association for International Road Transport (ARTRI).

First border point on a Romanian highway opens in Nădlac

First border check point situated on a highway in Romania will be inaugurated on Saturday, having 20 traffic lanes, video surveillance with automatic recognition of plates and parking for trucks, the costs for its realization reaching 30 million lei.

Sweden’s Rosti buys Bianor plant in Ploiesti

Sweden’s Rosti Group, a group with an annual turnover of EUR 400 M, has bought Bianor, a manufacturer specializing in the injection moulding of plastics. Bianor has had a plant in Ploiesti since 2013.

Oţelu Roşu Factory, up for sale again, for EUR 41 millions

Licquid steel producer Oţelu Roşu Caraş-Severin county in Romania, within the portfolio of the company Invest Nikarom, will be put on wholesale for EUR 41.8 million, without VAT.

German company invests EUR 10 mln in gearbox factory in Romania

German company Henschel GmbH will invest EUR 10 million in building a gearbox factory in Tetarom III industrial park in Jucu, Cluj county.

Romanian Dacia’s sales in the UK increase by 11%

Romanian carmaker Dacia’s new car registrations in Great Britain increased by 11.5% in the first six months of the year, whereas the British car market grew by 6.9%. It reached a record level of 1.3 million units.

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