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Articles

American Superconductor partly relocates its manufacturing from China to Romania

The American Superconductor company will open a factory at Timisoara, where it will relocate part of the manufacturing of components for wind turbines from its current operations in China, Mediafax reports.

CNADNR estimates 93 NEW Km of highway in 2014 and 195 Km in 2015

Romania’s road authority CNADNR said it wants to build 93.1 kilometers of highway in 2014, based on a budget of 2.65 billion lei (EUR 0.58 billion), lower by RON 1.1 billion than in 2013.

Dacia exceeds 3 pc market share for the first time on EU new cars market

The sales of new cars in the EU went up by 8 percent in February thanks to the improvement of the economic situation and the lower prices of some carmakers, and Dacia reported again the highest increase among brands. According data presented yesterday by the Association of European Carmakers (ACEA), Dacia sales in the EU advanced by 34 percent in February to 26,800 cars, and by 36.5 percent over the first couple of months of this year, to 54,900 units, the entry brand of Renault group reporting the major increase on the market.

Romanian furniture cluster attracts EUR 6.5 mln financing

The first Romanian competitiveness pole in the furniture industry attracted on Tuesday financing worth EUR 6.5 million.

Salesianer Miettex opens a factory in Oradea, after EUR 6 mln investment

Austrian company Salesianer Miettex, active in the field of renting and washing linen for hospitals and hotels, recently opened a factory in Oradea, after a EUR 6 million investment.

EY: Automobile industry in Romania will stabilize this year after major decline

The automobile industry in Romania will stabilize this year after a period of major decline, according to the new report Changing Lanes 2014-15: the automotive C-Suite’s agenda, made by EY Global Automotive Center.

Ford builds engine no. 250,000 in Romania

Ford has built its 250,000 engine at its Craiova plant in Romania, according to a press release from the auto-producer. Engine number 250,000 is a 1.5 litre EcoBoost engine, 180 HP that will be shipped to United States to equip a Fusion model for an American customer.

Volkswagen plans $1.11B van factory in Poland

AG, Europe’s largest automaker, will invest about $1.11 billion in a new factory in Poland to assemble the Crafter van in an effort to make its commercial-vehicle operations more global.

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