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April 22, 2021
BUSINESS

Renault to invest over EUR 250 M in Romania in 2012

Renault Group, the owner of Dacia, will invest over EUR 250 M in Romania this year, the projects including an automatic line of high-tonnage presses, doubling the capacity of the aluminum foundry and hiking by 30 per cent the production of gearboxes. Likewise, Thomas Dubruel, Dacia Commercial Director, stated yesterday at the Mediafax Talks about Auto Industry conference that Renault Group’s investments total EUR 2 bln in the last 12 years. “Romania is the second country of the ‘Renault planet,’ after France,” Dubruel stated. According to him, Renault and Dacia own in Romania the group’s most important vehicle plant and the largest logistical platform of the Renault-Nissan alliance. Referring to the Romanian auto market, Dubruel stated that sales are at a very low level, being one third below their 2007 level. “Unless we do something we will end up with 80,000 sales at the end of the year, a historic low for the Romanian auto market,” he added. On the other hand, Dacia vice-president Constantin Stroe said that the preparing for the launch of Logan 2 is on schedule. ‘This year we’re going to have a new product,’ Stroe said.In his turn, Brent Valmar, Vice President of the Association of Auto vehicle Importers (APIA), stated during the same conference that the auto market will continue on a downward trend this year and the distribution networks’ profit will remain close to zero given the fact that the average profitability at industry level was negative in the first five months. Valmar estimates that the auto market will not surpass 92,000 auto vehicles this year.

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