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Warehouse Market News

Alum Tulcea allocates 30% of 2014 profit for retooling

Approximately 30% of the 2014 net profit recorded by alumina producer Alum Tulcea will be allocated for retooling and the rest will be distributed to cover losses from previous years, the operational manager of the company Nicolae Anghelovici told Agerpres after Alum’s debut on AeRO market.

IMPACT Day Unites Prologis CEE Employees for Community Service

Prologis, Inc., the global leader in industrial real estate, today announced that its employees from Central and Eastern Europe spent Friday, May 15, participating in IMPACT Day, the company’s third global annual day of community service.

Antibiotice profit up 15 pct in Q1

Romanian state-run drug manufacturer Antibiotice Iasi registered in the first quarter of this year a net profit of RON 6 million (EUR 1.3 million), up 15 percent compared to the same period in 2014.

Romanian insolvent chemical producer lowers loss 15 times

The Romanian insolvent state-owned chemical producer Oltchim recorded in the first quarter of the year a EUR 844,000 loss, 15 times lower than in the same period last year. The loss amounted to EUR 12.6 million in the first three months of 2014.

German pump producer ups Romania turnover by over a third

The local subsidiary of German pump producer Wilo SE posted last year a turnover of EUR 19.5 million, up 37% over 2013.

Sanex implements EUR 1.4 mln green project co-funded by the Norwegian Gov’t

Ceramic tiles producer Sanex runs as of March 2015 a project worth almost EUR 1.4 million, co-funded by the Norwegian Government.

Logistics group’s sales up ten-fold in Romania in eight years

French logistics group Gefco recorded last year in Romania a turnover of EUR 52 million, up 10% over 2013. The business increased ten-fold compared to 2006, its first year of activity in Romania, when it amounted to EUR 5.2 million.

Romanian paper tissue producer sells stake to Abris Capital Partners

Local businessman Ioan Tecar, the owner of the group MG-Tec, sold a stake in four of the group’s companies to investment fund Abris Capital Partners.

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