Metallic tile producer Bilka Steel, inaugurated a new production line in Brasov on Monday. The new facility will increase production capacity by 30 percent, according to a press release from the company.
The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.
Japanese group Simotomo, owner of a car wiring factory in Caransebes, will continue its investment in Romania with a new production unit at Drobeta Turnu Severin set to open on August 18. The group will hire 2,000 people for the new factory, located in a hall on the Paper Compound platform.
Keswick Enterprises Group member company, Tibbett Logistics, announced on Friday that it has extended its logistics business in Romania with an unnamed leading European multi-national retailer to include the storage and distribution of non-food imports from Asia Pacific and European suppliers.
Businessmen Octavian and Călin Buzoianu, who control over 80 pct. of the Retrasib Sibiu (RTRA)shares, mostly through the companies Institut Proiect and Trafo Proiect, intend to sell their shares in the engine, generators and electric transformers manufacturer to the German company SGB-Smit International, in order to focus on other projects ongoing.
The Chinese companies are willing to invest in several Romanian sectors such as the information technology, steel-making, engineering, trade and infrastructure, said Shi Guangliang, deputy managing director of the Commerce Department of Chinese Shandong Region, who attended a seminar organised by Ernst&Young on Friday, Agerpres reports.
Swiss chemical construction materials producer Sika inaugurated a new factory in Căpuşu Mare in Cluj County, a second unit owned by the company in Romania, after the factory inaugurated in Brasov in 2008.
Immofinanz announced on Thursday that it has signed a five years lease for 9,300 square meters of logistic space with Ursus Breweries. The brewer will become a tenant of Log Center Timisoara, one of the biggest logistic properties in the Immofinanz portfolio.
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