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BASF invests in capacity expansion for cosmetic ingredients in Düsseldorf
Wednesday, October 25, 2023
New plant to produce emollients for skin care and sun protection products Start-up planned for autumn 2025 BASF invests in the production of emollient specialties at its Düsseldorf site targeted for skin and sun protection products. A new reactor and upgrade of the distillation units enable an expansion of production ...
Number of companies that suspend activity up by 5.64 pct in first 8 months of 2023
Wednesday, October 18, 2023
The number of companies that suspended their activity in the first eight months of 2023 was 10,139, up 5.64% compared to the same period in 2022, according to data published by the National Trade Register Office (ONRC).Most companies that suspended their activity in the mentioned interval were from Bucharest, namely 1,231 (up 21.4% compared to January-August 2022).By activity sectors, the highest number of suspensions was recorded in wholesale ...
CreditAmanet Invests Over 1 Million Euros in Digitalizing Company Services
Wednesday, October 18, 2023
CreditAmanet, a market-leading company with over 15 years of experience, is allocating over one million euros to digitalization. While this direction has been present in previous years, in 2023, it has become a top priority in the development strategy, and the pace of integrating projects in this field has significantly accelerated. The investments of the market-leading company are directed towards implementing an ...
Auchan tests in Romania a new concept to promote local producers
Wednesday, October 18, 2023
Auchan Romania tests a new concept, by reorganising the commercial centre in the Bucharest neighbourhood Berceni in a format which tries to highlight local producers. The investment was about five million euro.November last year, Auchan Romania announced they had taken measures to drop the energy consumption by 20% in the context of price increases for electricity which were felt in the increase in prices for food, and has under development measures to make ...
Unilever relocates powder detergent production from Ploiesti plant
Wednesday, October 18, 2023
The production of powder detergent factory in Ploiesti, of the Anglo-Dutch group in the domain of consumer goods Unilever will be relocated, the unit concentrating on food products only. Unilever has invested 48 million euro over the last three years in the Ploiesti factory and extended the food products factory from 6,000 sqm to 17,000 sqm. As a result of this strategic decision, the plan is that, ...
Primark - strong capital infusion in Romania
Wednesday, October 18, 2023
Irish retailer Primark, which opened its first store in Romania in December, an operation announced by Profit.ro as ready in 2017, and added a new store in AFI Cotroceni in the summer, has decided to boost its subsidiary with a substantial capital increase operation, by issuing 1 million new shares, with a nominal value of 1 million lei, plus an issue premium of 55.4 million lei. This financial year, ...
PepsiCo is transforming the factory in Popesti-Leordeni into a European production hub
Wednesday, October 18, 2023
PepsiCo, one of the leaders in the food and beverage industry, announces the doubling of the production capacity of the Popesti-Leordeni Snacks factory and its transformation into a European-sized production and distribution centre. The $100 million investment, which was initially unveiled last year and planned to be completed in 2024, was critical to achieving this ambitious goal. This included the addition of three operational production lines and the construction of ...
REHAU Window Solutions Inaugurates The Logistics Centre In Cisnadie
Wednesday, October 18, 2023
REHAU Window Solutions has inaugurated its Logistics Centre in Cisnadie, Sibiu county, marked by the REHAU 360°: Windows REVOLUTION event. The investment for the new facility amounts to 10 million euro, with 63 new jobs created. The logistics centre in Cisnadie is part of the REHAU’s global growth strategy and will help REHAU Window Solutions to serve the regional market partners and customers ...
STEFANEL Returns To Romania
Wednesday, October 18, 2023
STEFANEL, the famous fashion retailer with a tradition of over 60 years, is preparing to be part of the Romanian fashion landscape again through UNIC BRANDS, bringing a fresh and innovative store concept. The store that opened on Saturday, October 14, in Baneasa Shopping City, on the ground floor, will occupy an area of 100 square meters and will offer refined clothing collections that retain their traditional essence, combining Italian design with the tradition and ...
Cargus strengthens its international expansion and appoints Mircea Andriescu as Head of International Sales
Wednesday, October 18, 2023
Cargus, one of the leading courier companies in Romania, is pleased to announce the appointment of Mircea Andriescu as the Head of International Sales. This decision is in line with the company's strategy to expand its services in international markets and develop its client portfolio for both inbound (imports) and outbound (exports). In his new role, Mircea Andriescu will oversee the company's growth ...
AFI Europe's first retail park in Romania opens in Arad on November 1st
Wednesday, October 18, 2023
AFI Europe announces the finalization of construction works on its first retail park developed in Romania, located in the city center of Arad. The official inauguration is scheduled for November 1st, in the presence of local authorities and company representatives. Residents of Arad will enjoy a modern shopping experience in a commercial park built to the highest standards, with access to well-known stores such as Carrefour, Media Galaxy, Starbucks, Carturesti, ...
AGISTA completed the acquisition of over 30% of the shares in the Centrokinetic medical network
Wednesday, October 11, 2023
Growth equity investment fund AGISTA, part of the Impetum Group, has completed the acquisition of a minority stake of over 30% in the Centrokinetic medical network. The transaction was recently approved by the Romanian Competition Council. “The completion of the transaction marks the first step toward what is already shaping up to be a successful partnership in the medical industry. Centrokinetic is the right fit for us at AGISTA; the ...
Holcim invests 25 mln euros in cement factory in Campulung Muscel
Wednesday, October 11, 2023
The construction materials producer, Holcim, invested over 25 million euros to increase the production capacity of the cement factory in Campulung Muscel.According to a press release of the company sent on Friday, the investment comes 15 years after the implementation of another major project to renovate the factory, worth over 100 million euros.The purpose of the investment in Campulung Muscel is to address the existing need for cement on the construction ...
Coca-Cola System, Romania's first beverage producer to implement recycled PET production unit
Wednesday, October 11, 2023
The Coca-Cola System in Romania, consisting of companies Coca-Cola Romania and bottler Coca-Cola HBC Romania, installed a PET flake contaminant removal unit at its plant in Ploiesti, the Group's second largest facility, thus acquiring unique capabilities to produce recycled PET (rPET) on its own, the company informed in a release on last Wednesday.The investment supports the transition of Coca-Cola System's entire PET packaging portfolio to 100% recycled PET ...
25 years of business presence in Romania for Rödl & Partner
Wednesday, October 11, 2023
On 28 September 2023, Rödl & Partner Romania has celebrated the 25-year business anniversary with positive emotions and great pride at a memorable event hosted in Bucharest for its valued Clients, business partners and colleagues. In recognition of this important milestone in the company’s history, more than 150 guests have joined Rödl & Partner Romania in celebrating the remarkable business journey in Romania since 1998. The event has started ...
A year of performance: Schwarz Global Services strengthens its key role in the Schwarz Group
Wednesday, October 11, 2023
Schwarz Global Services Hub, the provider of flexible digital solutions and financial services customized for internal services across the companies of Schwarz Group, is celebrating one year since its integration into the new structure known as Schwarz Dienstleistung. The Schwarz Dienstleistung , which includes hubs in Bulgaria and Spain alongside Romania, provides administrative and operational services to Lidl, Kaufland, Schwarz Produktion and ...
EVOLOR invests EUR 3 million in technology development at Chempro factory
Wednesday, October 11, 2023
EVOLOR, one of the largest players in the Romanian paint and varnish production industry, announces the completion of the acquisition of the former Chempro paint factory and investments in technology, the project having a total value of EUR 3 million. The investment project is part of the strategic development plan, the company marking 30 years of activity this year. By acquiring ...
Romanian M&A market decreased 6.3 percent in volume during the first nine months of 2023
Wednesday, October 11, 2023
The Romanian mergers and acquisitions (M&A) market recorded 183 transactions (1) during the first nine months (9M) of 2023, representing a decrease of 6.2% compared to the same period last year. The estimated value of local M&A activity was also lower on a year-on-year basis, at USD 4.2bn (2) vs USD 5.2bn in 9M 2022 due to a 20% decrease in the value of disclosed transactions. This evolution was in line with both regional and global trends, with European ...
The Confident Group reaches 1 million euros in revenue and enters the Spanish market
Wednesday, October 11, 2023
The Confident Group, an independent marketing communications cluster, which owns two business lines in Romania CONFIDENT – marketing communication and Venus Five – visual production studio, reached one million euros in revenue of the cumulative turnover of the two companies and opened its first international office in Barcelona. This year, the agency expanded its business lines with two divisions – social media ...
Alro invests 15 mln euro in green projects, competitive boost
Wednesday, October 11, 2023
Romanian aluminium producer Alro Group [BSE:ALR] said on Tuesday that it is investing 15 million euro ($15.9 million) in three new projects to reduce its ecological footprint and increase competitiveness. The company will install a photovoltaic (PV) power station with a capacity of 1,500 KW in Alro's parking areas, the company said in a press release. You can download the 2023 Renewable energy in Southeast Europe ...