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Electrical Cable And Conductor Supplier VLG Ro Revenue Shrinks To RON408,6M In 2023
Companies

Electrical Cable And Conductor Supplier VLG Ro Revenue Shrinks To RON408,6M In 2023

VLG Ro, a supplier of electrical cables and conductors based in Martinesti, Cluj County, part of the Austrian Meinhart group, posted RON408.6 million (EUR82.6 million) revenue in 2023, down to almost one quarter of the 2022 level of RON1.6 billion (EUR324.6 mi...

Loredana Frățilă-Cristescu · 04.06.2024 · 07:00 · 1 min
Benvenuti: Some Of Our Suppliers Closed Factories In Romania And Moved Them To Lower-Wage Countries
Retail&Consumer

Benvenuti: Some Of Our Suppliers Closed Factories In Romania And Moved Them To Lower-Wage Countries

Some of the suppliers of footwear retailer Benvenuti closed the factories they had in Romania and moved them to countries where wages are lower, says Adrian Cazu, Benvenuti’s development & r...

Loredana Frățilă-Cristescu · 21.05.2024 · 11:17 · 1 min
Beyçelik Gestamp Invests EUR45M In Dirmanesti To Supply Parts To Ford Otosan Craiova
Automotive

Beyçelik Gestamp Invests EUR45M In Dirmanesti To Supply Parts To Ford Otosan Craiova

Türkiye’s Beyçelik Gestamp Group completed a EUR45 million investment in Dirmanesti, near Pitesti in April, to expand production capacity and to be able to deliver more components to both Da...

Loredana Frățilă-Cristescu · 08.05.2024 · 07:00 · 1 min
Electro-Alfa International Posts EUR53M Revenue In 2022
Energy

Electro-Alfa International Posts EUR53M Revenue In 2022

Low and medium-voltage equipment supplier Electro-Alfa International posted RON261.5 million (EUR53 million) revenue in 2022, an increase of about 70% on the RON154,1 million (EUR31.3 millio...

Loredana Frățilă-Cristescu · 18.09.2023 · 22:29 · 1 min
Ford Otosan to Attract New Suppliers to Ford Craiova Plant, Possibly Open R&D Center
Automotive

Ford Otosan to Attract New Suppliers to Ford Craiova Plant, Possibly Open R&D Center

Craiova can attract new investments in the automotive industry beyond the almost EUR500 million euros already announced by Ford Otosan after the takeover of the plant.

Loredana Frățilă-Cristescu · 03.11.2022 · 20:12 · 2 min
H&M Now Works with Only Five Suppliers in Romania
Retail&Consumer

H&M Now Works with Only Five Suppliers in Romania

Sweden’s fashion group H&M has only five direct suppliers in Romania left - Artifex, CB Pelletterie, Formens, Pandora Prod and Simiz Fashion, the retailer said.

Loredana Frățilă-Cristescu · 31.12.2021 · 15:38 · 1 min
Andreas Wendt, BMW: New Plant in Hungary to Increase Supplier Footprint in Romania
Automotive

Andreas Wendt, BMW: New Plant in Hungary to Increase Supplier Footprint in Romania

BMW’s EUR1 billion investment in a plant in Debrecen, Hungary, will attract new investments in automotive component manufacturing in Romania, as well. The first two such investments went to...

Loredana Frățilă-Cristescu · 07.09.2021 · 11:37 · 1 min
Getica 95 Posts RON1.5B Revenue in 2020
Energy

Getica 95 Posts RON1.5B Revenue in 2020

Romanian-owned power supplier Getica 95 became the private leader of the electricity trade on the competitive segment, right behind Electrica Furnizare and Enel Energie, both of which have a...

Loredana Frățilă-Cristescu · 07.06.2021 · 10:02 · 1 min
Romaero Becomes Global Supplier for Patriot Defense System
Companies

Romaero Becomes Global Supplier for Patriot Defense System

Raytheon Missiles & Defense, one of four businesses of Raytheon Technologies, has placed an order to Romanian aircraft parts maker Romaero for the manufacturing of components for the Patriot...

Oana Gavrila · 06.10.2020 · 11:34 · 1 min