FACTORY
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China’s Liting Universal Group Opens Lighting Fixtures Factory In Braila, In EUR17M Investment
Glorious Lighting SRL, held by Chinese company Liting Universal Group, has invested EUR17 million in a lighting fixtures factory in Braila (eastern Romania), which will initially employ 200...
Germany's Mennekes Invests EUR10M In Electric Vehicle Charging Cords Factory In Iasi
German electrical and electronic equipment manufacturer Mennekes, which operates in more than 90 countries, will invest over EUR10 million in a greenfield factory for the manufacturing of ch...
Schaeffler Factory In Brasov Posts 11% Higher Turnover, Of RON2.2B, In 2018
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, reported a 11.5% higher turnover year-on-year in 2018, of over RON2.2 billion (nearly EUR475 million), according to ZF...
Continental Group Invests EUR1.9M In Fully Automated Storage System At Its Plant In Timisoara
Continental Group has invested EUR1.9 million in a fully automated storage system at its electronic components factory in Romania’s western city of Timisoara.
French Clothing Manufacturer Lacoste Sells Factory In Sibiu To Chinese Firm Sunrise Knits
French clothing manufacturer Lacoste is selling its factory in Cisnadie (Sibiu County), which has some 400 employees, to Chinese company Sunrise Knits, part of Youngor Group.
TeraPlast Gets EUR5M From EBRD To Partially Fund Depaco’s New Metallic Tiles Plant
Depaco, part of construction materials manufacturer TeraPLast Group, will built a new metallic tiles factory in Baicoi (Prahova County), and a part of the investment will be covered through...
Spain’s Huercasa To Open EUR3M Factory In Romania
Spanish food company Huercasa plans to open a new factory, in Romania, in order to boost its sales in Central and Eastern European countries, a region which generated 80% of the company’s re...
Nestle To Shut Down Its Romanian Factory
Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the western city of Timisoara, by the end of May 2019, accor...
Finland's Peikko Acquires Factory Premises Near Bucharest, Starts Production in 2019
Finnish company Peikko Group Corporation, a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications, has acquired large factory p...