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M&M Product invests EUR 500.000 to further develop the company

Wednesday, June 2, 2021

For M&M Product, producer and distributor of smart flexible packaging, 2021 started in force with an investment of 350.000 € for modernizing the production hall in Râ?nov and 150.000 € in IT services, salaries for new employees in production line and Key Accounts sales division, as well as in marketing projects. Last year, the company invested about 1 mil. euro in developing and launching on the Romanian market a new product – The SmartGreen, ...

Novator Pharma build EUR 14 mln drug factory near Bucharest

Wednesday, June 2, 2021

Novator Pharma, a company owned by shareholders from Belarus and Azerbaijan, is preparing to build a drug factory in Chitila, an investment of more than EUR 14 mln a third of which is backed by state aid.   "This is the company's first investment in Romania. We are in the stage of obtaining the building permit for the factory in Chitila, and we intend to start the works this year. For starters, food ...

Bosch reports consolidated sales of nearly 2.2 billion RON in Romania last year

Wednesday, May 26, 2021

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 The Bosch Group, leading global supplier of technology and services, concluded the fiscal year 2020 with consolidated sales worth nearly 2.2 billion RON (448 million euro) in Romania, an increase of approximately three percent compared to the previous year, shows a press release of the country sent on Tuesday .According to the results on the previous year, the total net sales, worth 68.8 billion RON (1.4 billion euro), including the sales of unconsolidated companies and ...

GEFCO expands its cooperation with Groupe Renault and its brand DACIA in Romania

Wednesday, May 26, 2021

GEFCO, a global multimodal supply chain expert and leading provider of automotive logistics in Europe, signs agreements with Groupe Renault and DACIA to extend the logistic cooperation in Romania that has started in 2005 and never ceased developing since.   At the beginning on 2021, GEFCO and Renault Group strengthened their cooperation by extending their agreement for the Mioveni-Constanta and Constanta-Bucharest finished-vehicle (FVL) flows for a further three years, ...

AAylex Group buys Banvit Foods Romania

Wednesday, May 26, 2021

AAylex Group has acquired the feed, one-day chickens and hatching eggs producer Banvit Foods Romania, owned by the homonym group in Turkey, which is part of the Brazilian group BRF. The transaction was signed in March 2021 and was finalized in May, following its approval by the Competition Council. Its value is of over 20 million euros. Deloitte Romania assisted the transaction.   Through this acquisition, AAylex Group continues its expansion on the local market ...

Arctic reaches 1 million washing machines manufactured at the Ulmi factory

Wednesday, May 26, 2021

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Arctic, the leader of the Romanian home appliance market and one of the main contributors to the local economy, marks a milestone of one million washing machines produced at its Ulmi manufacturing plant in Dambovita county, the first Industry 4.0 factory in Romania and one of the most modern production facilities in Europe.   Opened in 2019, following a EUR 153 million investment, the production facility in Ulmi integrates cutting-edge machine learning ...

Courier company Sameday announces expansion to Hungary

Wednesday, May 26, 2021

Sameday, the Romanian courier company, announces the expansion to Hungary. The courier service provider already offers Hungarian customers delivery options in Budapest and the metropolitan area, and will expand its coverage nationwide in all localities over the next two months. The Romanian operator, thus, takes new steps towards the internationalization of its operations and also opens the way for the development of cross-border deliveries, facilitating its ...

Signal Iduna takes over Romanian subsidiaries of Ergo

Wednesday, May 26, 2021

German insurer Signa Iduna announced the signing of an agreement to acquire the two Romanian subsidiaries of its peer Ergo Group - owned by Munich ...

Net Salrom profit dropped 7 times last year

Wednesday, May 26, 2021

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The net profit of Salrom (National Salt Company), the only salt producer in Romania, dropped about 7 times in 2020, to 11.5 million lei, while operational incomes dropped by 36% to 330.2 million lei, according to a Property Fund report, which owns 49% of company shares.   In 2019, Salrom had a net profit of 77 million lei and operational incomes of 469.2 million lei.   Salrom is a company with 51% MEAT participation. ...

Alukonigstahl reported EUR 21.5 M turnover last year

Wednesday, May 26, 2021

Alukonigstahl Romania, the local subsidiary of the European market leader in aluminum, PVC and steel systems registered 21.5 million euros turnover between January – December 2020 and it further targets business consolidation on the traditional office and commercial segments, as well as business expansion on the premium residential segment, given that the pandemic outbreak highlighted Romanians` need to live in better conditions.   Alukonigstahl ...

The Group Digi Communications has gone on profit for the first quarter, at 14.1 million euro

Wednesday, May 19, 2021

The telecommunications operator Digi Communications NV has made in Q1 of the year a net profit  of 14.1 million euro, from a loss of 56 million euro in Q1 of last year, while the income has gone up by 8,6% as compared to the same period of the previous year, at 340.2 million euros.   The operations in Romania have confirmed again the position of leader among the markets of e group, contributing with 61% to the total ...

Revenues of Vodafone Romania decrease to 801 million euros, on March 31, 2021

Wednesday, May 19, 2021

 Vodafone Romania reported revenues from services of 801 million euros, in the financial year that ended on March 31, 2021, lower by 1.5%, compared to the same period last year, while the customer base reached 11.1 million customers, according to company data, released on Tuesday.The last financial year, which coincided with the pandemic year, was like no other: unexpected challenges, opportunities to accelerate digitization, lessons learned, ...

Compa Sibiu net profit goes up by 25% in Q1

Wednesday, May 19, 2021

The manufacturer of subassemblies and car parts Compa Sibiu secures in the first trimester of the year, a net profit of 7.4 million RON, 25% larger than the one during the similar period of last year, namely 5.9 million RON, according to the report sent on Monday to the Bucharest Stock Exchange (BVB).Income has gone up to 185 million RON, from 176 million RON, while spending has gone to 177 million RON, from 168 million RON."An important aspect in the ...

 Zentiva's turnover rises 6.5 pct in Q1

Wednesday, May 19, 2021

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Pharmaceutical company Zentiva recorded a turnover of 163 million lei in the first quarter, by 6.5 percent higher YoY, shows the company's quarterly report sent on Monday to the Bucharest Stock Exchange.The Q1 operating profit was 31.2 million lei, down 21.4 percent from the similar period of 2020, and the net profit declined 30.7 percent to 23.63 million lei.The company's assets totaled one billion lei as of March 31, 2021 and its debts stood at ...

IAR Brasov posts 14.12 million RON net profit in Q1

Wednesday, May 19, 2021

IAR Brasov has reported a net profit worth 14.12 million RON for the first quarter of this year, an increase of 11 pct over the same period of last year, when it reported a net result of 12.72 million RON, according to a report sent on Monday to the Bucharest Stock Exchange (BVB).The company had a net turnover of 96.57 million RON in the first quarter, a drop of 2.75 pct over the similar period of last year. This was obtained following the activity of fabricating ...

Romanian alarm system market rises by up to 30% this year 

Wednesday, May 19, 2021

 The sales of alarm systems have gone up by 40% during last year, in comparison with the data from 2019, although currently a little over a quarter (27%) of Romanians have installed such a protection system at home, according to an analysis made by a company specialized in security systems.In this context, for the ongoing year, Atu Tech representatives estimate a rise in alarm systems to up to 30% and aim for integrated solutions within a single system: ...

Saint-Gobain buys Romanian company Duraziv from local entrepreneur

Wednesday, May 19, 2021

French group Saint-Gobain has signed an agreement to take over Romanian group Duraziv developed by local entrepreneur Daniel Guzu. The two parts haven’t disclosed the transaction’s value.   Duraziv is a Romanian producer of construction materials (adhesives, mortars, paints, and metal profiles). The group has been on the market for 18 years. In 2020, Duraziv had a turnover of over EUR 30 mln with about 200 ...

Coherent Solutions opens a research and development center in Romania

Wednesday, May 19, 2021

Coherent Solutions, an American software product engineering and consulting company with business of over 76 million dollars, enters the Romanian market and opens its first office in Bucharest. The company aims to recruit 30 IT specialists by the end of the year.   Igor Epshteyn, President and Chief Executive Officer, said: “The Romanian R&D Center comes after we opened two more in Lithuania and Ukraine ...

Alumil Rom Industry achieves approx. 115,000 Euro profit during Q1

Wednesday, May 19, 2021

Alumil Rom Industry obtained, during the first three months of this year, a net profit of 563,152 RON (approximately 115,000 Euro), 9.6 times higher than the one in the similar period of last year, according to the data sent on Friday by the Bucharest Stock Exchange (BVB).The sales income of the company have gone up during the mentioned period, to 17.671 million RON, rising by 20.8%.The operational profit was situated during the first three months of ...

Donalam is hiring staff to meet the demand for hot rolled steel bars  

Wednesday, May 19, 2021

After the pandemic context of the last year, the steel sector shows signs of revitalization, supported by the industrial production relaunch and the start of infrastructure projects. The World Steel Association (WSA) expects global demand for steel to increase by 5.8% this year, up to 1,874 billion tonnes. The international market trend is also reflected at the local level, within Donalam steel plant in ...

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