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Articles in category Heavy Industries

Nonferrous Metal Industry Stands Between Profit and Bankruptcy
Romania's nonferrous metal processing industry records significant growth as a result of spectacular rises in world prices for raw materials, while the quarrying industry swiftly heading for bankruptcy...
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Arcelor, Spain's Bamesa set up Romania steel centre
Arcelor, the world's second-largest steelmaker, is to set up a steel service centre in Romania with Spain's Bamesa, the two companies investing 30 million euros ($38 million) until...
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Mittal's plant claims over 25 lives since takeover
Controversy surrounds a Romanian steel plant bought by tycoon Lakshmi Mittal, with a report on Sunday saying that scores of workers had died or were injured in accidents...
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Hiperion Stei Ups Share Capital
Shareholders in Hiperion S.A. (HION) will convene on August 8th to decide to increase the company's share capital by 450,000 EUR to finance the development of the industrial...
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Danfoss takes over heating substation business
Danish industrial giant Danfoss, with yearly business worth 2.2 billion euros, has acquired all the shares of one of the leading heating equipment manufacturers in Romania, Schmidt -...
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Upruc Fagaras Co. raises share capital by over 232,000 RON
The shareholders of the Fagaras-based compression pumps manufacturer Upruc Co. in end-June decided to increase the share capital by 232,412.5 RON, through a capital injection /one euro trades...
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Alro merges with Alum
Alro Slatina shareholders approved the merger with Alum Tulcea during a General Extraordinary Meeting, according to information remitted to the Bucharest Stock Exchange. The operation was initially scheduled...
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Broadhurst and Property Fund to get 7m euros for Otelinox shares
A number of Otelinox Targoviste shareholders, including Broadhurst investment fund and the Property Fund, whose stakes total 19.84% together, filed for exiting this company and are to get...
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Metalicplas Dej invests 17.3m euros in retooling
Metalicplas Dej, owned by businessman Ioan Tecar, budgeted investment worth some 17.3 million euros to bring technological improvement to five of the group's companies. "Through these investments, Metalicplas...
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Griro takes loan from Fahti Taher
The shareholders of Griro Bucharest approved on Wednesday a revolving loan contract through which the local company will obtain two million dollars from Quatron International Investments of Amman,...
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