PRODUCTION
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OMV Petrom Starts Production From New Offshore Oil Well
Romania's largest oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, said in a press statement on Thursday that it started production from a new offshore well LVO7, drille...
Moncler CEO: 20% Of Our Global Production Done In Romania
Italy’s luxury fashion giant Moncler, known for its down jackets that may cost upwards of EUR1,000, owns a plant in Romania in Bacau, which employs 900 people.
VeloCity Plant Unable To Boost Bicycle Production Due To Labor Shortage
The VeloCity Resita plant (Caras-Severin County in central Romania), which works only for French-held sporting goods giant Decathlon, makes 400,000 bicycles a year, which then go to every co...
Cris-Tim Exports 15% Of Production, Plans To Open Factory In Spain Or UK
Romanian meat processor Cris-Tim exports nearly 15% of its cold cuts production to several countries in Europe.
Automobile Dacia 2017 Turnover Up 11.4% To EUR5.07B
Renault-owned Automobile Dacia on Monday said it registered a turnover of RON23.1 billion (EUR5.07 billion) in 2017, up 11.4% year-on-year, exceeding the EUR5 billion mark for the first time...
European Appetite For SUV Drives Romania’s Car Production Up 23% In Q1
Romania’s car production stood at almost 122,000 units in the first quarter, data from the country’s association of carmakers ACAROM and the Automotive Manufacturers and Importers Associatio...
Ford’s Craiova Plant Ends Q1 With Almost EUR1B Production
The new Ford Ecosport model took production of the plant in Craiova close to one-billion-euro mark in the first quarter of the year, when more than 36,300 SUVs were assembled.
2017, A Difficult Year For Romania’s Furniture Industry
The year 2017 was very difficult for the furniture industry, as production was flat at about EUR2.5 billion, exports to the main markets were down and the number of employees decreased, the...
Kaercher Makes One Million Vacuum Cleaners In Its Own Romanian Plant
The vacuum cleaner plant of German-held Kaercher group in the southern Romanian city of Curtea de Arges inaugurated in the fall of 2016 makes about one million products a year and operates a...