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Austrian group buys Romanian PET preform producer

ALPLA, an Austrian group active in plastic packaging with sales of EUR 3.2 billion globally, has acquired the Brasov-based company Star East Pet, specialized in the production of PET preform for beverage, food, and non-food products.

Antibiotice Iaşi to invest EUR 2.5 million in production line

Ioan Nani, general manager of drugs manufacturer Antibiotice Iaşi, one of the biggest players on the market, says that this year will invest EUR 2.5 million in the development of its topic products (creams, ointments etc).

Arkema Completes Acquisition of Den Braven

Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction in Europe, on 1st December. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.

Continental puts EUR 12 million in expanding Timisoara-based plant

Car parts maker Continental announced that year it will expand again the electronics items factory from Timisoara that produced in 10 years of activity 60 million units (finished electronics items). The investment is worth EUR 12 million and represents the third expansion of the work factory space, according to Continental.

Dedeman bought two plots in Zalău from brick manufacturer Cemacon for EUR 1.9 million

Bricks manufacturer Cemacon announced the completion of the sale transaction involving two plots of lands in Zalău, purchased by the construction materials and DIY retailer Dedeman.

Cold cuts producer Meda Prod to invest 3 mil. € in new factory

Cold cuts producer Meda Prod 98 from Bucharest, one of the largest players in the market, expands with a new production unit, investment estimated at nearly EUR 3 million, planned before the economic crises.

Romanian cable manufacturer Romcab doubles profit

Romanian cable manufacturer Romcab Targu Mures recorded a net profit of EUR 8.7 million in the first nine months of the year, double the profit recorded in the same period last year.

Albalact Group’s consolidated revenue up by 17pct. to RON 366.9 mln in the first nine months

Albalact Group, part of the Lactalis, the international dairy group, closes the third quarter of the year with a growth of 17.29 percent in the net revenue, to RON 366.98 million, compared to the one registered in the same period of 2015.

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