|MOST POPULAR 10/08|
|The Diplomat Guides|
- New brick factory opens in Cluj
Brick producer Wienerberger has opened
a 25 million Euro factory in Romania in
Petrestii de Jos village, Cluj county. The
plant stretches over nine hectares and
will produce about 140 million brick
units per year. Wienerberger entered the
Romanian market in 1998. The company
has another two plants in Sibiu and
in Gura Ocnitei, Dambovita county and
works with 150 distributors.
- Cash loan provider expands west
Small cash loan provider Provident Financial
plans to expand to Arad, Timisoara
and Cluj-Napoca by the end of this year
in part of an 11 million Euro investment
strategy. The company will expand its
staff from 300 to 450 and its independent
representatives from 800 to 2,000 people.
Posting a 5.4 million Euro loss in 2007,
the company plans to break even by 2010.
Based in Bucharest, the company is open
in eight other Romanian cities.
- Media division of Tempo bought out
Marketing communications group Aegis
Group has bought the media division of
Romanian firm Tempo Advertising, Tempo
Media. The company will be rebranded
as Vizeum. Tempo Media has gross
assets of 1.3 million Euro and a client
portfolio including Tuborg, Carlsberg and
Cetelem. “Due to its population size and
fast growth dynamic, Romania is becoming
a lead market for many international
advertisers in the south-eastern region
of Eastern Europe,” said Robert Lerwill,
CEO of Aegis.
- Coffee stores aim for more
After opening its first store in Baneasa
Shopping City, London-listed coffee and
sandwich bar chain Coffeeheaven plans to
open at least five other stores in Romania.
CEO of Coffeeheaven Richard Worthington
told The Diplomat that the company
is planning a similar development to its
estate in Poland, which has 53 stores in all
the major Polish cities. Coffeeheaven also
has stores in Bulgaria, Latvia, Hungary
and the Czech Republic.
- Chain opens ninth DIY store
French DIY retailer Bricostore, part of
Bresson, opened in Arad its ninth store
in the country, in a ten million Euro investment.
The 10,000 sqm store, inside
the Armonia Shopping Center, which is
owned by American-Spanish RED Management
Capital is at the junction between
the Arad ring road and the road to
Nadlac, Arad county.
- Car design centre opens
French Renault Group has opened its design
centre Renault Europa Centrala in
central Bucharest, on Strada Pitar Mos
in the former headquarters of the Swiss
Embassy. The design centre is the company’s
sixth worldwide and a location
where the French giant will design cars
and spare parts.
- Health and beauty chain opens in capital
Health and beauty chain DM (Drogeriemarkt)
continues its expansion in Romania
by opening a second store in Bucharest
and another in Arad. DM now has
seven stores in Romania, including Timisoara,
Galati, Deva and Cluj-Napoca
and is active in regional nations such as
Italy, Hungary, the Czech Republic, Slovakia,
Slovenia and Croatia. “We came
to Romania to become market leaders,”
said Milan Radin, general director DM
- Bricks and tiles fi rm sets up second factory
Investment fund Advent Internationalowned
bricks and tile manufacturer Ceramica
Iasi will invest 45 million Euro
in expanding the capacity of its existing
plant in Iasi and build a new plant. “We
want to expand [production] in other regions
in Romania,” said Iulian Mangalagiu,
general manager of Ceramica Iasi.
“Once the new production lines start
functioning in Iasi we will have more
than enough brick in order to satisfy the
need of the entire Moldavia region.”
- Steel distributor opts for Bucharest plot
Steel products distributor Kalpinis-Simos,
steel producer Hellenic Halyvoyrgia
and Trigonis Bros will together
process and distribute steel products in
Romania through its affi liate Kalpinis-
Simosroms, which will be renamed to
Balkan Iron Group (BIG). The company
has bought two pieces of land of 60,000
and respectively 20,000 sqm near Bucharest
for two million Euro, as part of a
12 million Euro investment plan.
- Logistics group plans space attack
Logistics fi rm DSV Solutions has opened
a new 29,000 sqm terminal with 3,000
sqm offi ce space in Bucharest West Logistics
Park on the A1 highway, where it also
plans to purchase another 20,000 sqm of
storage space. DSV aims to open its Brasov
office this month, where it plans to
purchase 10,000 sqm in space, while aiming
to extend the capacity of its branches in
Oradea, Timisoara, Cluj-Napoca and Constanta.
In Romania, DSV Solutions bought
out Dutch fi rm Frans Maas in 2007 and last
year posted a 21 million Euro turnover.
- Tyre giant to produce fi lters in Gorj
Pirelli Tyres Romania plans to open a 25
million Euro anti-pollution fi lter factory
in Gorj county industrial park, close to
the Romanian-Serb border by the end of
this year. This will employ 400 staff on
a ten hectare plot, where it will produce
500,000 fi lters for diesel engines annually.
Pirelli has one tyre and one metallic
cable factory in Slatina, Olt county
and plans to double its tyre production to
four million units by the end of 2008.
- Constanta set to sparkle
Sodo Migliori is targeting Constanta to
open two new jewel and luxury accessory
Cellini stores and a Swarovski crystal
boutique. The company currently runs
14 Cellini stores and four Swarovski
boutiques in Romania.