Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
Coca-Cola HBC has invested €7m to upgrade to its bottling plant in Timisoara, Romania. The high-speed bottling line, compatible with 330ml and 500ml formats, will enable the company to reach a capacity of 90,000 bottles an hour. ...
Tags: Coca-Cola, soft-drinks
French dairy giant The Lactalis Group has offered its Italian subsidiary Parmalat a buyout offer of €637m for the 12.26% stake it doesn’t hold. The move from the Lactalis is to take 100% control of Parmalat in order to delist ...
Tags: dairy, Lactalis Group
Daimler has begun production of its 9G-TRONIC nine-speed automatic transmission at its Sebes factory in Romania. The production is being handled by its Romanian subsidiary Star Assembly. The German luxury car-maker has invested about ...
Tags: Daimler, Nine-Speed Automatic Transmission, Sebes factory, Romania, BMW
Confectionery company Mondelez’s Romanian arm is seeking a buyer to sell its chocolate factory in Poiana, Romania. The buildings and the 13,000sqm land area costs €2.1m, excluding taxes. The factory is located in Brasov. One ...
Diao, 72, was born in Chengdu, China, but moved to New York City at a very young age. He attended Kenyon College in Ohio and studied philosophy, but soon found the academic world just wasn’t for him. Instead of class, Diao spent most ...
Tags: David Diao, Artist
Technavio has published a new report on the powder coatings market in Romania, which is expected to grow at a CAGR of nearly 7% from 2015-2019. Powder coatings are a solvent-free product that facilitate a dry finishing process. The ...
Tags: Technavio, Powder Coatings
Sitemani, a Romanian ketchup, mustard, and sauces producer, has partnered with Greiner Packaging for new packaging for its products. Under the partnership, Greiner will redesign and develop Sitemani's entire range of bottles based on ...
Tags: Greiner Packaging, Sauce Packaging
Ford is planning to cut 20% of its staff, around 680 employees from its Craiova plant in Romanian division due to decline in sales of the company’s products in the European market. Ford will offer voluntary redundancy programme to ...
The European Bank for Reconstruction and Development (EBRD) is helping to modernise public transport in the Romanian city of Pitesti with a RON 58.5 million loan (€13 million equivalent) to the municipal transport company Publitrans ...
Tags: EBRD, Transport, Accessories
German automaker Daimler along with its Romanian subsidiary Star Transmission has commenced the construction of a new Mercedes-Benz assembly plant in Sebes, Romania with an investment of EUR300m. The company expects to assemble new ...
Tags: Daimler, Mercedes-Benz, Auto Parts
The share of textiles, apparel and footwear in total exports from Romania has fallen from about one-third in 2000 to about 10 percent in 2013, although the value of exports has risen from €3.6 billion to €5.1 billion during the ...
Romanian bus company Atlassib SRL has expanded its bus fleet by adding ten new Mercedes-Benz Tourismo coaches with Euro VI engines. Following the delivery of these buses from EvoBus Romania SLR team in Sibiu, the Romanian company has ...
Tags: Mercedes-Benz, bus fleet, Tourismo buses
The projects completed total a combined capacity of 5.41 MWp and will produce equivalent energy to supply the consumption of 13,000 inhabitants. To date, Martifer Solar sums three photovoltaic plants built for Eurowind Energy A/S in Romania ...
Tags: Electrical, Electronics, PV
Petroceltic International plc ("Petroceltic" or "the Company"), the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and the Black Sea regions, today provides an update on its western Black ...
Tags: Oil and Gas News, Petroceltic International, Exploration Drilling