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German automotive group SHW plans to launch new production unit in Romania

German automotive group SHW said on Wednesday it plans to set up a pumps and engine production unit in Romania by the end of 2018, seenews.com informs. "The company is planning high capital expenditure with an estimated range of 29 million - 32 million euro ($31.4 million - 34.8 million) for the fiscal year 2017 and 27 million euro to 30 million euro for the fiscal year 2018 in connection with the development of new markets in China and North America ...

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