The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 22 January 2014

Investments and business developments in Romania

  • American car parts producer TRW Automotive Holdings plans to open a new airbag sewing facility in Roman, in the North- Eastern part of Romania, counting on growth in demand for airbag cushions over the next years. The new plant is expected to employ some 400 people this year, and up to 1,000 staff by 2017.  
  •  LUKERG Renew, the joint venture between Italy’s ERG Renew and Russia’s Lukoil – Ecoenergo, has completed a 82 MW wind farm in the Romanian region of Tulcea. The farm was put online last November and is currently in testing stage. Romania has over 2,200 MW of incentivized wind capacities, according to September 2013 data of grid operator Transelectrica.   
  • Ford has produced the 100,000th B-MAX at its plant in Craiova, southern Romania. Ford produces around 370 units in B-MAX daily. The company also makes advanced gasoline engines EcoBoost of 1 and 1.5 liters, equipping Ford models in Northern America and Asia.   
  • Austria’s Egger, the wood processor, has completed a 83MW biomass plant at its site in Radauti, Suceava County, following a EUR 35 million investment. The new plant is designed to provide heat and energy on the site, and is fueled by wood waste. The company fully financed the investment which required 13 months of construction and was completed in October 2013. Egger’s biomass plant is the largest to date. Most of the investors have focused on small biomass projects up to 5MW.
 Sources: Ziarul Financiar, Business Review, Romania Insider

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