Czech company PointPark Properties, which is controlled by investment funds TPG and Ivanhoe Cambridge, is currently negotiating the acquisition of Europolis Logistic Park, the largest logistic development near Bucharest, according to Ziarul Financiar.
Romanian company Electric Plus, headquartered in Bacau, recently finalized a EUR 5 million investment into a new factory that produces PVC window profile systems under the brand Barrier. The new production line can make 700 windows each day and has 200 employees that operate it.
Switzerland will provide CHF 10 million financing (EUR 8.5 million) for an energy project in Arad, with a total value of CHF 12.2 million (EUR 10.1 million). The project includes upgrades for the central heating station and public lighting network, writes Mediafax.
Policolor, one of the largest players on the Romanian paints and lacquers market, announced on Thursday it initiated procedures to sell the terrain on Theodor Pallady, nr 51, in the south-western part of the Capital, where it currently operates its industrial platform.
ArcelorMittal Galati, Romania’s largest steel plant, which is part of ArcelorMittal group, is targeting a 15% output increase for 2015, following major technical upgrades of its production flow, the company announced.
One of Brasov’s largest industrial facilities, Roman SA, is in major financial difficulties. At the request of the administrators, the company that produces trucks and buses has filed for insolvency over a debt worth RON 90 M, according to a letter sent by the company to Bucharest Stock Exchange.
Austrian group Immofinanz obtained in the first quarter of the fiscal year 2014/2015, from 1st of May to 31st of July, decreased revenues down to EUR 11.6 million from the renting of the 16 assets in Romania, as a result of the departure of the tenants from the office buildings in Bucharest, according to the financial report.
Supply chain logistics specialist Tibbett Logistics, part of the UK-based Keswick Enterprises group, has opened a 2,000 sqm warehouse for an automotive client in Bucharest, Romania.
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