ROMVAG
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Automotive
New Owners Of Rail Car Producer Astra Will Invest EUR10M In Upgrades In First Year
German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will resume production.
Automotive
Railroad Car King Cristi Burci Leaves Industry After Finally Finding Investor For His Factories
The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors...
Capital Market
Romvag Sales Dive To RON50M In 2010
Romanian rolling stock maker Romvag Caracal (ROMJ.RO) posted sales of 49.8 million lei (EUR11.8 million) in 2010, compared to RON276.1 million in 2009, according to financial results publish...