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Articles - industry investments

Romanian-Hungarian joint venture to produce locomotives

Craiova-based locomotive producer Softronic and the Hungarian group LAC Holding have signed a joint-venture to build locomotives in Hungary.

EUR 35 million loan from Erste un for new factory in Covasna

Austrian businessman Gerald Schweighofer, the most powerful player in the local woodworking industry has obtained in the end of last year EUR 35 million loan from Erste Bank, main shareholder of BCR, a loan to finance the investment in a new factory in Covasna county, to become operational this spring.

Cris Tim to invest more than EUR 5 million in ready meal factory and winery

Cris Tim, one of the largest food producers in Romania, will invest this year more than EUR 5 million in a winery and a ready meal factory, a segment which registered 30 pct growth last year, according to the group’s president, Radu Timis.

EBRD increases investments in Romania to 592 mln Euros in 2014

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday that in 2014 it increased its investments in Romania by up to 592 million Euros from 508 million Euros in 2013, even if the number of funded projects went down last year to 26 from 32 projects in 2013, according to a press release from the EBRD.

EUR 3.4 million investments in Cluj factory with 80 employees

Construction company ACI Cluj, controlled by several local entrepreneurs, including Ioan Aşchilean, Horia Ciorcilă and Dorin Goia, will recruit 80 people this year, following the completion last month of the construction of metallic confections factory, EUR 3.4 million investment.

Hochtief to build warehouse for GE in Bielsko-Biała

Hochtief Polska was hired to build a production and warehouse facility with an office component for GE Power Controls in Bielsko-Biała.

Hungary’s LAC and Romania’s Softronic plan joint engine production

Romania’s Softronic signed on Monday a letter of intent on launching joint railways engine production in Hungary, news agency MTI reported.

Yazaki to invest EUR 24 M in new auto parts plant in Braila

An auto parts plant representing an investment of EUR 24 M and generating 1,500 jobs will open in Braila halfway through next year, the investment being made by Japan’s Yazaki and Belgium developer Warehouses DePauw (WDP).

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