Automotive
TRW Automotive To Hire 1,200 People At New Romania Plant
US automotive component manufacturer TRW Automotive opened a new airbag production facility in Roman, Neamt County (NE Romania) on Wednesday, which will create 1,160 new jobs.
Socep 2014 Revenue Seen Down 2% To RON58M
Romanian maritime port operator Socep Constanta (SOCP.RO) forecasts revenue worth RON58 million in 2014, down 2% on the year, and a gross profit of RON6 million, from RON4.1 million in 2013.
Turbomecanica 1Q Revenue Down 46% To RON5.2M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) reported revenue worth RON5.2 million in the first quarter of the year, down 46% from RON9.76 million in the same period a year...
Automotive Producer Hella Hired 700 People In Romania In Just A Year
German-held car part producer Hella, one of the 100 most valuable companies in Romania, will have over 2,200 employees in the Eastern European country at the end of the current fiscal year (...
CFR To Buy Electricity On OPCOM Starting June 15
Romanian state-owned railway company CFR SA will buy electricity on the local regulated power exchange OPCOM, starting June 15, 2014, Transport Minister Dan Sova said Tuesday.
Compa Sibiu 2014 Profit Seen Down 11.2% To RON18.9M
Romanian car parts manufacturer Compa Sibiu (CMP.RO) estimates its net profit will fall 11.2% this year, to RON18.9 million, from RON21.3 million a year earlier.
Dräxlmaier Group To Open New Factory In Pitesti, Hire 500 People
Dräxlmaier Group, one of the world's largest producers of cables for the auto industry, will open a new factory in Pitesti, southern Romania, where it will manufacture parts and cables for o...
Altur Expects 5% Fall In 2014 Revenue To RON112.5M
Romanian car parts maker Altur Slatina (ALT.RO) expects revenue of 112.5 million lei (EUR25.2 million) in 2014, down 5% from 2013, and pre-tax profit of RON3.1 million, 3.7-fold higher on th...
Romania's Automotive Car Part Production Over EUR20B By 2025
The turnover of the car part manufacturing sector will go up from EUR10.7 billion in 2013 to more than EUR20 billion by 2025, as the global component market will increase from EUR406 billion...