ADVERTISEMENT

Italian investor pours EUR 10 mln into new production facilities in Sebes, Romania

Int’l Relations

Photo by Gabriel Petrescu / Shutterstock.com

Romanian bathroom furniture manufacturer Savini Due, which has a factory in Sebes, in central Romania, has contracted a loan of RON 24 million (EUR 5 million) from local bank BRD – Groupe Société Générale, Romania-insider reports. 

The BRD – Groupe Société Générale HQ in Bucharest, Romania. Photo by Gabriel Petrescu / Shutterstock.com

The company will use the money to finance the automation of production and the construction of two new halls, to increase exports and domestic sales, business paper Ziarul Financiar reported.

The investment in the two new production halls is RON 48 million, and the company will cover half of the costs from its Italian investors.

Savini Due, one of the largest bathroom furniture manufacturers in Europe, was established in 2003, Romania-insider adds.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.