about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

British American Tobacco invests 60 million Euro to increase factory production in Ploiesti

British American Tobacco (BAT), one of the largest cigarette manufacturers in Romania, announced on Monday that this year, the company will invest 60 million Euro in the construction of a new production hall with a total area of 4,000 square meters and in the refurbishment of the plant In Ploiesti, according to news.ro

2017-07-03 12:58:30

In November 2016, British American Tobacco announced that it would invest around 21 million Euro annually in the development of the Ploiesti plant for a five-year period. But the manufacturer has decided to triple this year′s investments as a result of the gradual closure of the German factory and the Bulgartabac takeover from Bulgaria, with part of the production to be relocated to Ploiesti.

Because of the development of the Ploiesti factory, 120 new jobs will be created by the end of the year, of which 90 were already occupied. At present, about 700 employees and 150 contractors work in the production unit in Ploiesti. Investments will also be reflected in the volumes produced, which will increase by 30 per cent.
At the same time, the number of countries to which British American Tobacco's products from Ploiesti depart will increase from 35 to 40.

"We want to continue investing in Romania and we hope that the Romanian Government will ensure the legislative and fiscal predictability and the necessary political stability," said Gemma Webb, general manager of British American Tobacco. "We underline again that one of the prerequisites for sustainable economic growth is the ongoing dialogue between authorities and business."

The British American Tobacco plant in Ploiesti is currently the second largest factory in Europe.
With the new volumes, the British American Tobacco plant in Ploiesti will become one of the world's top five BAT production units, the company said. The most important players in the tobacco industry, active in Romania, are British American Tobacco, JTI, Philip Morris International and Imperial Tobacco.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  10105 Views
Daily Info
Romania fourth in Europe for natural gas production and reserves, report shows

Romania is on the fourth place in Europe for last year's natural gas production and proven gas reserves, according to a report by BP.

Alro to proceed with a public offering of shares in the company

Alro today announces that its major shareholder, Vimetco N.V., and Conef S.A., intend to proceed with a public offering of shares in the company.

Renault to invest one billion Euro in electric vehicles production

Renault will invest more than 1 billion Euro to increase electric vehicle production capacity in France and add new models.

Hidroelectrica to provide electricity for RATB and Metrorex

Hidroelectrica has won two contracts for providing electricity services to RATB and Metrorex. Both contracts to be carried out for one year starting July 1 implies the deliver...

Romanian insurance sector doubles profit in 2017

The insurance sector in Romania doubled its net profit last year to 508 million RON (110 million Euro) from 251 million RON in 2016, according to profit.ro.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

2 Comments

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments