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Articles - industry investments

Philip Morris to invest in Otopeni factory expansion

Philip Morris is in the middle of an expansion process for its cigarette factory in Otopeni, Ilfov county, and while it will not advance an official number for the value of the investment, the company does say that at the end of the project its total local investments will be RON 450 million.

Sinterom invests EUR 3.2 million in its production line in Cluj-Napoca

Auto-equipment producer Sitnerom SA Cluj-Napoa announced on Monday it finished investments of EUR 3.2 million in modernizing its production line and creating 45 new jobs.

Australian ADX Energy considers EUR 100 mln investments in Romania

Australian oil company ADX Energy might invest up to EUR 100 million in exploration/exploitation works in an oil perimeter in Timis, Romania, and is trying to convince its investors that Romania supports activities related to oil and gas, given that the fund raising “is not the easy part”.

Ipec Alba Iulia invests EUR 8 million in a new factory

Porcelain house goods manufacturer Ipec, controlled by Covaciu family invests over EUR 8 million to build its sixth production unit in Alba Iulia.

Investment of over EUR 50 million in Cluj: Emerson inaugurated a new production and services platform

American company Emerson has inaugurated in Cluj-Napoca a new production and engineering services platform, following an investment of EUR 55 million, where 700 people will be hired, Mediafax writes.

Bilka Steel opens new production line in Brasov

Metallic tile producer Bilka Steel, inaugurated a new production line in Brasov on Monday. The new facility will increase production capacity by 30 percent, according to a press release from the company.

Sumitomo opens new factory in Drobeta Turnu Severin

Japanese group Simotomo, owner of a car wiring factory in Caransebes, will continue its investment in Romania with a new production unit at Drobeta Turnu Severin set to open on August 18. The group will hire 2,000 people for the new factory, located in a hall on the Paper Compound platform.

Chinese companies willing to invest in Romanian IT

The Chinese companies are willing to invest in several Romanian sectors such as the information technology, steel-making, engineering, trade and infrastructure, said Shi Guangliang, deputy managing director of the Commerce Department of Chinese Shandong Region, who attended a seminar organised by Ernst&Young on Friday, Agerpres reports.

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