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Why Romanian Plants Cannot Be Saved From Closing
No Romanian entrepreneur has the financial strength to buy a EUR100 million plant, while the lack of funding and a business environment that is unfriendly to Romanian investors prevent them...
Eaton Seeks To Triple Production Capacity Of One Of Its Plants
The US group Eaton, one of the world’s largest electrical equipment manufacturers, will invest $9.5 million to triple capacity of its metal fabricated part plant in Maramures, which is curre...
GSK Fails To Find Buyer For Its Europharm Plant in Brasov, Sets Off Shutdown Procedures
British pharmaceutical group GlaxoSmithKline (GSK) has decided to close down its medicine production line in Brasov, central Romania, after it failed to find a buyer, the company said in a s...
Bosch Opens EUR70M Plant In Cluj
Germany’s Bosch opened its second automotive technology manufacturing plant in Romania Friday, in Jucu, Cluj county, following an investment of over EUR70 million.
Michelin To Close Tire Plant In Hungary, Relocate Production To Poland, Romania, Germany
French group Michelin will close its truck tire production plant in Budapest next year, and the plant’s production will be mainly relocated to the Michelin facilities in Olsztyn (Poland), Za...
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.
Parisot Buys Former Electronics Plant To Expand Furniture Production In Romania
PGS Sofa & Co controlled by Jean-Charles Parisot, grandson to Jacques Parisot, the founder of one of the largest furniture makers in France, bought an over 26,000 square meter production fac...
Daimler Starts Construction Of New Transmission Plant In Sebes
Star Transmission, the Romanian subsidiary of German group Daimler, started Friday the construction works for a new transmission plant in Sebes (central Romania), that will be completed in 2...
Wind Turbine Systems Maker Moves Part Of Production From China To Romania
American Superconductor will open a production unit in Timisoara, where it will relocate part of its wind turbine systems production from China, under a larger restructuring and cost-cutting...