Car parts manufacturer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, ended 2022 with turnover worth around RON366.4 million (EUR74.3 million), up almost 25% from 2021, in line with ZF calculations based on company data.
Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, in the first half of this year completed a EUR4.2 million investment in a hall for new production lines and in the development of the semi-finished products line.
Self-adhesive label and flexible packaging maker Romprix Exim has been acquired by Germany’s All4Labels Global Packaging Group, one of the largest packing solutions businesses in the world.
Automotive industry wiring producer Leoni Wiring Systems Pitesti, part of Germany’s group Leoni, currently has 300 jobs available at the wiring system plant of Bascov, Arges county.
Dr. Fischer Dental (DENT.RO), a dental laboratory owned by Dr. Antoaneta Fischer, has bought a dental lab in Germany, in a EUR70,000 investment plus taxes and legal fees of EUR10,000. The move is part of the company’s strategy to expand sales to Germany and other countries nearby.
Car parts producer Optibelt Power Transmission of Tautii-Magheraus, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, ended the first half of this year with EUR39.45 million, up 31% from the year-earlier period.
Romanian software development company TARA Interactive plans to open an office in the Netherlands or Germany by yearend as projects abroad weigh 70% in its turnover, which hit RON4 million last year, up 65% from 2020.
Insulation materials manufacturer Knauf Insulation, part of Germany’s Knauf Group, has applied for RON90 million state aid, which would be part of a RON648 million investment, the results of the selection process of state aid applications Finance Ministry published on Tuesday show.
Belgian group Etex, with two plasterboard plants in Romania, bought Ursa, a producer of glass mineral wool and extruded polystyrene, from Germany’s Xella.
Germany’s B. Braun, active in Romania’s health sector for over 20 years, ended 2021 with total turnover worth RON518 million, 15% higher than in 2020, in line with ZF calculations based on public data for the six companies part of the group.
The European Commission has concluded that seven countries – Romania, Germany, Spain, France, the Netherlands, Portugal and Sweden – continue to have excessive imbalances, according to its spring edition of a report regarding the situation across European Union (EU) Member States.
Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, projects EUR70.4 million turnover for this year, up 12% from 2021, in line with ZF calculations based on company data.
The Board of Directors of Germany’s Schaeffler Group has appointed Stefan Gulacsi-Gologan to the position of administrator of the local division Schaeffler Romania starting May 2022.
Verdino, a Romanian producer of meat alternative products using pea protein co-founded by Raul Ciurtin, is strengthening its position in Germany, with its products listed in 8,000 stores in the country.
Germany’s PVC profile maker Veka, present in Romania with a plant on Bucharest-Pitesti highway, saw turnover go up by over 50% in 2021 against 2020.
The Romanian operations of Germany’s group Metro are valued at EUR225 million, in line with data presented in a company report.
Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, projects EUR25 million turnover for 2022, up around 13% on the year, in line with ZF calculations based on company data.
Stada Group, one of the largest pharmaceuticals companies in Germany, has announced an investment of EUR48.3 million in a pharmaceutical manufacturing plant that will be built in the Aries Industrial Park in Turda (Cluj-Napoca).