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Entries for tag: Romania
Fitch downgrades several emerging markets
Following the conclusion of its global review of the sovereign ratings of 17 major investment-grade 'emerging market' economies, Fitch Ratings downgraded the sovereign ratings of Bulgaria, Hungary, Kazakhstan and Romania, while it affirmed the sovereign ratings of, among others, Poland.
Read ArticleVPK to invest EUR200m in plant
VPK Packaging Group plans to invest 200 mio EUR in a new paper mill to produce 300.000 tons per year of light weight recycled corrugated case material (80-160 g/m²). There has been taken an option for this new plant on a location in Zeitz, Germany and in Wroclaw, Poland. The construction will take 2 years and would be operational in 2011. The mill will create 150 new direct jobs and beside it 100 indirect jobs in the neighbourhood of the plant.
Read ArticleRomcarton expierences increase in sales
Corrugated cardboard manufacturer Romcarton (part of the French group Rossmann) registered sales in 2007, up 15% against 2006.
Read ArticleCross over to PET helps boost drinks sales
The manager of Parmalat Romania, Giampaolo Manzonetto, says the drinks producer intends to count on the juice and nectar segments over the coming period, after still drinks registered a 300% sales increase this year.
Read ArticleKraft foods helps boost Romanian packager
Amplast, which manufactures disposable packaging in Arges county, hit turnover of EUR8.1m in 2007 , against EUR7.6m in 2006, an increase that was triggered by packaging supplied for new products, such as Yoplait yoghurt from Tnuva, and Alpine Milk Dessert chocolates from Kraft Foods, according to Catalin Bolbose, legal adviser at Amplast.
Read ArticleRomanians prefer to drink their own beer
The best-selling beer brands in hotels, restaurants and outdoor restaurants are domestic brands Ursus, Timisoreana and Bergenbier, with the first two included in the portfolio of Ursus Breweries, while the third is part of InBev Romania, according to a survey conducted by MEMRB market research firm.
Read ArticleRomanians see increase in turnover
Sibiu-based Greiner, one of the biggest producers of packaging on the Romanian market, estimates turnover worth EUR26m this year, an increase of approximately 16% on the last year.
Read ArticleHeineken expands in Romania in PET
Heineken N.V. is to acquire the Romanian brewer Bere Mures. The transaction will strengthen Heineken’s number one position in the country, increasing both its market share - to 31% - and its volume to 6 million hectolitres.
Read ArticleBasell opens Slovakia office
LyondellBasell Industries has opened a sales office in Bratislava, Slovakia to better serve its polyethylene, polypropylene and advanced polyolefin customers in the growing Central and Southern European region.
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CEE economy still strong but uncertainties rise
Disturbances originating in the US sub-prime mortgage market have widened to affect other markets, but the fundamentals for the EU8+2 are broadly unchanged, although the level of uncertainty has risen.
Read ArticleOBI expands in CEE
OBI will aggressively push its international expansion focussing efforts on Russia, Poland, Italy, the Czech Republic, Hungary and the Balkans. On top of these ambitious expansion targets OBI is about to enter three additional countries, namely Ukraine, Romania and Slovakia. Medium term targeting up to 20 stores both in Ukraine and Romania, OBI plans to open another 10-15 stores in Slovakia within short. First openings in these countries are scheduled for 2008.
Read ArticleDuPont to open Bulgarian office
As part of its growth strategy for emerging markets, DuPont (NYSE:DD) today announced the opening of its first office in Sofia, Bulgaria. The Sofia office represents DuPont's growing market reach in Central Europe, following site openings in Poland, the Czech Republic, Hungary, Romania, Baltic countries and Serbia, the latter just last week.
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Rail strike fails to stop Brau Beviale
A rail strike and snow storms marked the start of BRAU Beviale 2007 in the Exhibition Centre Nuremberg (14-16 November), but this did not deter the 34,456* trade visitors (2006: 36,260*) at this year’s most important capital goods exhibition for the beverage industry. The share of international visitors rose in both percentage and absolute terms. 28 % came mainly from Austria, Switzerland, Belgium, Russia, the Netherlands, the Czech Republic, France, Great Britain, Italy and other growth markets in Central Eastern and Eastern Europe to source information about beverage raw materials, technologies, logistics and marketing from the 1,416* exhibitors (2006: 1,437*) – almost 40 % of them international.
Read ArticleDu Pont opens Serbian office
As part of its growth strategy for emerging markets, DuPont (NYSE:DD) today announced the opening of its first office in Serbia. The Serbia office represents DuPont's growing market reach in Central Europe, following facility openings in Poland, the Czech Republic, Hungary, Romania and the Baltic countries. More than 500 DuPont employees are based in the region.
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From red to grey
A World Bank report has found that the countries of Eastern Europe and the former Soviet Union are experiencing a third transition, a transition that overlaps with their recent political and economic transitions. In 2025, more than one in five Bulgarians will be more than 65 years old—up from just 13 percent in 1990. Ukraine’s population will shrink by a fifth between the years 2000 and 2025. And the average Slovene will be 47.4 years old in 2025—among the oldest in the world.
Read ArticleRomanian beer company sees growth
United Romanian Breweries Bereprod (URBB) reported a 15% increase in beer sales in 2006 while its business figure grew 30% compared to the previous year, a company press release says.
Read ArticleRomanian inflation under five percent
Romania reported a 0.74% inflation rate in December last year, bringing the overall inflation rate for 2006 to 4.87% compared to 8.6% the previous year, according to the latest data presented by the National Statistics Institute. The average monthly inflation rate stood at 0.4% over the past 12 months.
Read ArticleRecycling an increasing success
Over 2.3 million tonnes of steel packaging were recycled in Europe last year. This represents an average recycling rate of 63% in the EU-25, an increase of 6% in recycled tonnage compared to 2004.
Read ArticlePrivate label booming in Rumania
Private label branding in the Romanian food and beverage industry has helped to drive massive growth in the sector, as retailers, packagers and processors benefit from increasing competition in the market.
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Husky opens CEE office
Husky Injection Molding Systems has announced the opening of its new Vienna sales office. Sales activities, service management, project coordination and customer training are among the offerings at the new facility, which will serve as a gateway to Central and Eastern Europe, and will be headed by Christian Kapsamer, Husky’s General Manager, Central Europe.
Read ArticleBulgaria attracting FDI
A new report has found that Bulgaria has the highest level of direct foreign investment to GDP in the entire Central and Eastern European region, helping to defy a decline in the sector throughout the CEE region.
Read ArticlePannonplast expand to Serbia
Bloomberg reports that Pannonplast Nyrt, a Hungarian exporter of plastic yoghurt cups, will spend Ft 355 million ($1.6 million) setting up a consumer packaging unit in Serbia to add a third foreign market to its operations. Pannonplast, based in Budapest, expects production to start in the Q1 of 2007, it said in a stock exchange statement. By having a company in Serbia, Pannonplast will be exempt from a 20% customs levy it currently must pay. The company, which also operates in Romania and Ukraine, has been selling property and unprofitable units to stem losses and concentrate on consumer packaging. It will spend a total of € 10 million ($12.8 million) on building the plant in Serbia this year and buying another in Bulgaria in the H1 of next year CFO Dénes Gyimóthy said Aug. 1. Pannonplast expects its Serbian unit to contribute Ft 400 million to revenue in its first year of operation, which will probably triple in three years, the company said.
Read ArticleUniplast supported by Husky
Equipment from Husky Injection Molding Systems – more than 50 systems in total – has been a key enabler of expansion for Uniplast, a pre-eminent Eastern European PET (polyethylene terephthalate) converter. Once only local, the company now delivers products to Ukraine, Russia, Azerbaijan, Moldova, Turkmenistan, Uzbekistan, Romania, Serbia, Germany and, soon, Kazakhstan.
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Cola expanding east
Despite an increased focus on markets in Western Europe, drinks giants Coca-cola and Pepsi-Co will continue expanding eastwards to offset their smaller market shares, according to a new report by research group Euromonitor.
Read ArticleColines installs lines in Romania and Russia
Two recently delivered complete lines for the production of magnetic gaskets for refrigerators now in full production.
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