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Articles - industrial developments

JTI could relocate part of its production to Romania

Japan Tobacco International (JTI) could close its production units in Northern Ireland and Belgium, citing a challenging economic environment and excise tax pressure, and is looking into relocating manufacturing to other facilities, potentially in Poland and Romania.

Artemis Real Estate is developing five industrial and residential projects near Timisoara

Swiss group Artemis Real Estate, local division of Artemis Holding, announced on Thursday it is developing 5 projects near Timisoara, on a 128 ha piece of property. The projects include industrial and residential buildings.

TT Electronics delays moving its operations to Romania

British electronic components maker TT Electronics Plc said the transfer of its German manufacturing operations to Romania was taking longer than expected, according to Daily Times.

Philip Morris to invest in Otopeni factory expansion

Philip Morris is in the middle of an expansion process for its cigarette factory in Otopeni, Ilfov county, and while it will not advance an official number for the value of the investment, the company does say that at the end of the project its total local investments will be RON 450 million.

Investment of over EUR 50 million in Cluj: Emerson inaugurated a new production and services platform

American company Emerson has inaugurated in Cluj-Napoca a new production and engineering services platform, following an investment of EUR 55 million, where 700 people will be hired, Mediafax writes.

Tetarom I Industrial Park expands on 17 ha, with 42 million lei investments

Local Council (CJ) Cluj has approved on Monday the starting of execution works for the extension and modernization of Tetarom I Industrial Park, through an investment of 42 million lei, with half of the amount EU grant.

Bistrita Sud Industrial Park could be inaugurated in the end of 2014

The first companies to occupy spaces in this location are local companies, which will benefit from the advantages of investing in the future park: modern utilities, local tax exemptions, the possibility to access non-reimbursable funds or State aids.

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