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Articles

FM Logistics puts EUR 5 million in Romania warehouse expansion

The Romanian subsidiary of French group FM Logistics, which provides transport and warehousing services, has expanded its warehouse platform in Petresti following a EUR 5 million investment.

Emerson invested 25 million dollars in its production unit in Oradea

American company Emerson, with global business exceeding 24.5 billion dollars and 115,000 employees, has recently opened in Oradea its second production unit on the local market, investment currently reaching nearly 25 million dollars.

Latvian group buys Romanian ice cream producer

Latvian group Food Union bought a stake of 70% in the local ice cream producer Alpin 57 Lux.

The fifteenth edition of Realty Conference - by Business Review

Business Review announces the fifteenth edition of the Realty conference, the event dedicated to real-estate professionals, which will take place on June 16 at Sheraton Bucharest Hotel, Platinum Hall.

A new factory in Tecuci, Romania, a project of EUR 25 million

Spanish company Sustainable Waste Treatment S.L. (SWT) has signed a partnership with Tecuci City Hall for the development of a sorting and treatment factory for the city’s waste, a project which reaches EUR 25 million investments and will create 35 new jobs.

Japan’s Sews manufactures cables on the platform of a former factory in Romania

Auto parts manufacturer Sews rented 3,000 sq. m on the platform of the former Heineken beer factory in Haţeg, Hunedoara county, producing cables for Renault and Mercedes groups, with 320 employees, according to Cornel Gărdean, the landlord of the platform where the beer factory was active until 2010.

Immofinanz brought more than EUR 82 million in Romanian companies before selling to Logicor

Immofinanz has increased the capital of its companies in Romania, vehicles of the logistics assets or projects. The operation was part of the preparation of the companies for the sale to Logicor, a Blackstone subsidiary.

Alro sees profit double to RON 41 mln on the year in Q1 2016

Alro posted an adjusted net profit of RON 41 million during the first three months of the year, almost double over the results registered in Q1 2015, according to its financial results. However, there was a slight decrease in turnover from RON 598 million to RON 564 million.

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