BUSINESS

Toro Company to build a EUR 20 M manufacturing plant in Ploiesti West Park

Allianso Business Park, the Romanian subsidiary of Alinso Group, signed a sales contract with the Toro Company (NYSE: TTC), leading worldwide provider of precision irrigation systems, a press release informs. The Toro Company purchased a plot of 3,5 hectares in Ploiesti West Park on which it intends to construct a manufacturing facility of 11 000 m2 that will employ approximately 100 persons, once fully operational. The constructions for the EUR 20 M plant, according to Mediafax, will start in early 2011 and the facility will include production/assembly, warehouse and office space. Once complete, Toro’s new facility will manufacture micro irrigation products for growers of vegetables, field crops, orchards and vineyards in Eastern Europe, Russia and the Ukraine. Ploiesti West Park has already delivered 30 000 m2 of class A logistics warehouse to Unilever in April, 2010, while constructions to Lufkin’s new manufacturing facility already started, following a 33 hectares transaction last year. The next major development for Ploiesti West Park is the construction of the first SME (Small and Medium Enterprises) building of 17,860 m2 , for which excavations works have already started.

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