Companies
Export Of Wood Products Up 33% Last Year
Wood processing companies invested hundreds of millions of euros in plants and thought they would find it difficult to sell their production in a time of crisis. But 2010 was a good year for...
TMK-Artrom Slatina Borrows EUR20M For Working Capital From VTB Bank Austria
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, Thursday said it will borrow EUR20 million from VTB Bank Austria to finance working capital and repay some...
Fan Courier Pays More Attention To Small Clients
Fan Courier, one of the largest Romanian-held courier service companies, ended the first half with 8% to 9% higher turnover compared with the same period a year ago. The growth pace was slow...
Alro Adds RON19M To Alum Tulcea's Capital
Romanian calcined alumina producer Alum Tulcea (BBGA.RO) increased its share capital by 18.96 million lei (EUR4.5 million) to RON488.4 million through cash injection from the mother company,...
BCR Provides EUR31M Loan To Prio Extractie
Romanian top lender Banca Comerciala Romana, or BCR, provided a loan of EUR31 million to edible oil processor Prio Extractie to co-finance the latter’s working capital, BCR said in a stateme...
Alfred C. Toepfer Expands Network With Timis Silo
Alfred C. Toepfer, one of the world’s grain trading giants, has bought a 12,000 ton silo in Biled, Timis county, for EUR2.8 million.
Texas-Based Lufkin Hires First 25 People At Romanian Plant
US company Lufkin, producer of oil and energy equipment, has hired the first 25 employees at the new plant it is building in southern Romania in Aricesti, Ploiesti county. The Texas-based co...
Guzu Invests EUR2.5M In Fruit Warehouse, Tourism In Vrancea
Romanian businessman Daniel Guzu started construction of a fruit storage facility and a tourist pension unit in central Romanian county Vrancea, with an overall investment of EUR2.5 million,...
Daniel Guzu: Selling Duraziv Right Now Would Not Be Too Profitable
Romanian businessman Daniel Guzu said that if he were to sell construction materials maker Duraziv to the investors that approach him, the transaction would be less profitable than the sale...