November 01, 2013 11:30
Arctic inaugurated a new production line at the Gaesti plant in Dambovita County increasing its production capacity with 25%. Hence, the home appliance manufacturer extended its production up to 2.5 million units per year, becoming the largest producer in this field in Europe according to Mediafax. ...more »
October 14, 2013 15:42
Alro Slatina, one of the largest aluminum producers in Central-East Europe reports an important increase of energy efficiency following constant investments during the past nine years, investments amounting USD100 million. The investments designated to improve the operational efficiency were directed both to the primary aluminum sector and to the processed aluminum sector. ...more »
October 09, 2013 19:44
Winmarkt Romania shopping centers chain has benefited from a EUR5 million investment this year, out of the EUR12.5 budget assigned for 2012-2015 period. Italian company Immobiliare Grande Distribuzione (IDG) that owns Winmarkt Romania allocated t...more »
October 09, 2013 11:54
Despite being operational since November 2012, Honeywell made yesterday the official inauguration of its friction materials plant in Ploiesti. According to the company's leadership team, the decision is based on the fact that they wanted to organize the ceremony in order to present a fully functional plant at a moment when there have already been produced over 2 million brake pads....more »
October 07, 2013 09:24
After the success registered by AFI Palace Controceni, AFI Europe opened its second Romanian mall in Ploiesti continuing its expansion in the field. Based on a EUR50 million investment, AFI Palace Ploiesti follows the standard already imposed by the Bucharest-based mall and is part of the third generation malls category. Thus, entertainment facilities and spare time spending activities are primary components of the concept implemented there, over 20% of its surface being allocated to entertainment areas....more »
September 30, 2013 15:52
Rombat, the Romanian battery producer, extended its plant in Bistrita upon completing a EUR17 million investment, this September. The production has already been launched in the new production facility which is designed to deliver up to 700.000 batteries annually. Based on this investment, which is 40% financed through a governmental grant, the production capacity will reach 3.3 million units each year....more »
September 25, 2013 11:59
Energy Financing Team EFT plans to invest about 50 million euros in Romania , in a hydro or thermal coal power plant after you set up a special fund for investments in energy, according to a company press release. "We want to invest at least 50 million in a hydro or a coal power plant. Our plan is to create an investment fund to have the ability to invest in several energy projects in the region, including Romania "said Milos Hamovic , vice president and shareholder in the group....more »
September 23, 2013 21:42
Azomures will sign a EUR100 million investment contract for upgrading the ammonia unit, the company's General Director Mihai Anitei announced during the MEDIAFAX Talks about energy conference. The chemical plant which was taken over last year by Ameropa A.G. benefited from another EUR80 million directed at the urea unit based on the EUR200 million investment program the new major shareholder announced....more »
September 20, 2013 12:23
Three of the most important players in the Chinese financial sector showed their interest in financing projects in Romania during meetings with Dan Sova, Ministre of Romania's Department for Infrastructure Projects and Foreign Investments (DPIIS), according to a press release. China Investment Corporation (CIC), China Development Bank and China Exim Bank are willing to funding projects worth more than EUR 3 billion...more »
September 20, 2013 11:16
Euroins Insurance Group, the major shareholder of Euroins Romania plans to increase its capital for the seventh time in the last six years..The final decisions is going to be taken during an extraordinary meeting with all shareholders on October 21st ....more »
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