about us | newsletter | contact | archive | members area
Andreea Paun, Griffes
In 2018, we will be delivering Unirii View»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

EBRD funds 5 million Euro investment in factory near Ploiesti

2014-04-05 17:31:36 - From the Print Edition

The Spanish manufacturer of hydraulic components, Grupo Industrial Roquet, received 5 million Euro from the European Bank for Reconstruction and Development (EBRD) in mid-February to build a factory near Ploiesti, according to Mediafax. "The loan will be used to co-finance a new factory," said the EBRD, quoted by the newswire. "To meet the growing demand for its products, the company decided to expand its production capacity by opening a new plant. Romania was chosen because of its competitive advantages." Construction is scheduled to begin in April this year, but production is planned to start in 2015. Roquet will produce large-diameter cylinders, used in the production of capital goods, mainly in agriculture and construction equipment.
"When we looked at various destinations for investment, we realized that Romania offers many advantages, including a positive business atmosphere," said Cipriano Gomez, the executive director of Roquet Hydraulics. "The strong support of the EBRD was the decisive factor in our decision to build a new factory in Romania, the first plant outside Spain." Grupo Industrial Roquet has four factories in Spain where it produces pumps and hydraulic cylinders, control valves and various components for hydraulic applications.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  8147 Views
Daily Info
New car sales increase by over 20 per cent in Romania in the first quarter

New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data ...

Turkish Opsan leases 5,000 sqm in CTPark Pitesti

Turkish car parts maker Opsan has leased 5,000 square meters of industrial space in CTPark Pitesti, the project developed by CTP.

Around 35 percent of the Romanian roads are covered with stone and soil, statistics show

Romania has made little progress last year in modernizing its infrastructure, official statistics released on Wednesday showing that 35 percent of the roads are covered with s...

Banca Transilvania posts 366 million RON profit in Q1

Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to risin...

Garanti Bank grants 2 million Euro for the development of the Anima clinics network

Garanti Bank recently granted a 9.3 million RON (2 million Euro) investment loan and working capital facility to Anima, part of Medlife Group, for the development of its netwo...

 
 
   
advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

2 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

1 Comment

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...

1 Comment

Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Lauren...

1 Comment