4.2 C
Bucharest
March 2, 2021
BUSINESS

P&G adds up results of USD 50 M-investments

After the recent inauguration of the Urlati hair care products-factory, Procter & Gamble (P&G) celebrated, yesterday, 15 years since the founding of its Timisoara cleaning products-factory.


“In these past 15 years, the total direct investment in the factory amounts to over USD 50 M, which went both to reconstruction works, as well as into expanding our capacity by means of new production lines,” Herbert Grand, production manager- cleaning products, for Central and Eastern Europe, the Middle East and Africa, stated, in a press conference.


According to Adina Pascu, the manager of the Timisoara P&G factory, the output of the factory she represents is not sold exclusively on the Romanian market, over 40 per cent of it being allotted to exports in countries like Serbia, Bulgaria, Poland and, more recently, Turkey. Pascu further stated that, by its local production network, the P&G factory in Timisoara offers over 1,000 jobs, out of which about 300 make up the factory’s workforce.


The American company did not sack any of its staff in the course of this year, but, on the contrary, hired new people, investing USD 2 M in the training of staff, Sotirios Marinidis, general manager P&G Romania, underlined, for Nine O’Clock.


The local authorities praised the stability of P&G investments in the city on the Bega. Both Constantin Ostaficiuc, the president of the Timis County Council, and mayor Gheorghe Ciuhandru spoke of a recovery of the economy of the region at large as a consequence of these investments.


US AMBASSADOR PLEADS FOR A FRIENDLIER BUSINESS ENVIRONMENT


Present at the festivities, the US Ambassador to Romania, Mark Gitenstein, stated: “I think more can and needs to be done to ensure a friendlier business environment in Romania. (…)
The Romanian Government may create the necessary conditions for business development simply by setting up more effective mechanisms. (…) If young people are leaving because Romania does not offer them any opportunities, then there is a problem.”

Related posts

New changes within Tarom leadership, media reports

Nine O' Clock

GRAMPET Group – Grup Feroviar Roman accelerates innovation and digitalization projects

NINE O'CLOCK

Almunia: European Union heading towards end of recession

Test