Automotive Sector in Romania Newsletter - August 2010
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Automotive Sector in Romania Newsletter - August 2010

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Automotive Sector in Romania - recent up-dates about automotive manufacturing sector in Romania

Automotive Sector in Romania - recent up-dates about automotive manufacturing sector in Romania

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Automotive Sector in Romania Newsletter - August 2010 Automotive Sector in Romania Newsletter - August 2010 Document Transcript

  • Automotive Sector in Romania Newsletter – August 2010 In this issue: - Auto vehicles production increased by 24.7% in first seven months of 2010 - Trelleborg estimates turnover growth of approx. 43% in 2010 - Landmark Management considering revival of Aro brand - Johnson Controls to invest ten million EUR - KSS opens new plant - Compa recorded turnover increase of 71.5% in H1 2010 - Delphi to relocate production to Romania - Rombat to invest 15 million EUR - UAMT recorded turnover growth of 35% in H1 2010 - Preh Automotive to hire over 150 persons - Three Ford centres launched in six months - Dacia sales increased by approx. 11% in H1 2010 This is a FRD Center [www.market-entry.ro] publication
  • This newsletter is produced by FRD Center Market Entry Services -www.market-entry.ro- a privately owned market entry consulting firm based in Romania. FRD Center offers integrated market entry, investment and route-to-market consulting services to foreign companies interested to enter the Romanian and regional market as exporters, consultants, investors or joint-ventures, to relocate their manufacturing or to source in CE and SE Europe. Since 2000, FRD Center has been the trade consultant for the Irish Government Agency, Enterprise Ireland. Other clients include companies from: Argentina, Austria, Canada, Denmark, Germany, Greece, Ireland, Israel, Jordan, Lithuania, Norway, Poland, UK, USA, South Africa, Spain, Switzerland etc. Our services include: - tailor-made market research, investment opportunities assessment - sectorial studies, market briefs - product introduction - partners and providers identification, selection and profiling - market opportunity assessment - commercial due diligence, pre-M&A business support and research - identification of market opportunities: exports, sourcing, B2B sales etc. - trade missions, business itineraries, inward buyer missions FRD Center is the Global Intelligence Alliance Research Partner for Romania, a member of the Global Consulting Network-GCN and of EMERGY International network. For further details, please contact: Jackie Bojor, Director of Business Development FRD Center, Bucharest, Romania – www.market-entry.ro tel: +4021 411 1460; fax: +4021 411 1461 e-mail: europa@frdcenter.ro Sources for this newsletter include: APIA, Ziarul Financiar, Mediafax, money.ro, the companies etc. Whilst every care is taken in compiling this newsletter, no responsibility is taken for errors or omissions.
  • Auto vehicles production increased by 24.7% Landmark Management considering in first seven months of 2010 revival of Aro brand According to the Association of the Automobile Landmark Management, a company Producers and Importers (APIA), the auto vehicles controlled by Mr. Nicolae Ratiu who took production in Romania recorded 219,656 units in over in 2007 the manufacturing licenses and the first seven months of 2010, this representing the Aro Campulung industrial platform, an increase by 24.7% compared to the similar takes into consideration the revival of the period of the previous year. The three auto Aro off-road vehicle brand in the next 6 - 12 vehicles producers in Romania are: Automobile months. Dacia (owned by Renault), Ford and Roman Brasov. The company takes into account the manufacturing of the components for the Out of the auto vehicles production in the first models that are already existent on the seven months of this year, 204,472 were passenger market. At present, over 35,000 Aro vehicles cars, 15,169 were commercial vehicles under 3.5t are registered in Romania. GVW and 15 were commercial vehicles over 18t GVW. At the same time, various producers of auto vehicles expressed their interest to Out of the total auto vehicles production in the manufacture, in the Campulung plant, off- first seven months of 2010, 194,523 auto vehicles road vehicles similar to Aro. According to were exported, this representing some 89% from Landmark Management’s representatives, the the production. company is currently involved in various talks and negotiations. Aro is one of the most powerful Romanian Trelleborg estimates turnover growth of brands and its production stopped in 2003. approx. 43% in 2010 The first Aro vehicle was produced in 1957. The Aro Campulung industrial platform has Trelleborg Automotive Romania, part of the a surface of 49 ha and includes a main Swedish Group Trelleborg, estimates for 2010 production hall and secondary units. a turnover of 35 million EUR, up by some 43% compared to the previous year. Johnson Controls to invest ten million Trelleborg entered the Romanian market in EUR in Craiova 2007 through the opening of a plant in Dej (Cluj county). The plant has 210 employees Johnson Controls will launch a production and produces engines, systems of chassis unit within the Ford plant in Craiova, assembling, anti-vibration systems, car body following investments of over ten million parts etc. EUR. At present, some 70% from the company’s The company has already started the production is exported. For the next period, recruitment process for this plant, which will the company intends to increase its production start the production in 2012 and will have capacity by some 10% as a result of the new some 160 employees. contracts forecasted for 2011. At present, Johnson Controls owns Trelleborg invested in its plant in Dej over ten production capacities in Romania with over million EUR. The company’s main clients are 2,000 employees. The company entered the BMW, VW, Ford, Nissan, PSA, Automobile Romanian market in 2004. Dacia and Renault.
  • KSS opens new plant Delphi to relocate production to Romania The US producer Key Safety Systems (KSS) In May 2011, Delphi Pakard will close its plant finalised the construction of its fourth plant in in the Czech Republic and will relocate the Romania, located in the Arad – Curtici Free production of cables to the plants located in Zone. Romania and Poland. The plant will produce safety systems for the On the Romanian market, the company is automotive industry. This unit represents the present through two companies: Delphi Pakard biggest KSS plant in Romania and covers Romania, which operates two plants of cables in 12,000 sqm. Sannicolau Mare (Timis county) and Ineu (Arad county) and Delphi Diesel Romania, which The production in the new plant will start by produces pumps and injectors for diesel engines the end of 2010. The plant will have an in the plant in Miroslava (Iasi county). estimated number of 450 employees in 2011. The unit in the Timis county was opened in 1997 KSS opened its first plant on the domestic and the unit in the Arad county was opened in market in 1999. 2004. Compa recorded turnover increase of Delphi currently has a total number of some 71.5% in H1 2010 7,000 employees in Romania. The producer of auto components Compa Sibiu recorded a turnover of 44 million EUR in the first semester of 2010, this representing a growth of 71.5% compared to Rombat to invest 15 million EUR the similar period of the previous year. The net profit registered by the company in the The local producer of batteries Rombat Bistrita first six months of 2010 was of 131,000 will invest 15 million EUR in the expansion of EUR. the production capacities and in the production of accumulators for mini-hybrid auto vehicles. In the first half of 2010, Compa hired some 290 persons in order to face the growing The production of the batteries for mini-hybrid number of orders, coming mainly from its auto vehicles will start in 2012. foreign partners, Delphi and Bosch. At present, the exports represent some 90% in At present, the company’s main clients are the the company’s turnover. Renault plants in the Eastern Europe and the PSA plant in Slovenia. Compa is listed on the Bucharest Stock Exchange. The company is controlled by the The company intends to become a supplier of Employees’ Association (54.6%). batteries for the Ford plant in Craiova during the next years. In 2009, Rombat exported 1.2 million auto batteries, this representing 60% from its production. The company recorded a turnover of some 50.7 million EUR in 2009.
  • UAMT recorded turnover growth of 35% Preh Automotive to hire over 150 persons in H1 2010 Preh Automotive will hire over 150 persons The producer of auto spare parts and in its plant in Ghimbav (Brasov county), accessories UAMT Oradea recorded a following the expansion of the unit’s turnover of 5.5 million EUR in the first production capacity. semester of 2010, this representing an increase of 35% compared to the similar The plant was launched at the beginning of period of the previous year. Also, the 2009 and has at present 140 employees. company registered a net profit of 32,000 EUR in the first semester of 2010. For 2010, the company estimates a turnover of 18 million EUR, this representing a triple UAMT is listed on the Bucharest Stock level compared to 2009. Exchange. The company’s shareholders are: the Employees’ Association (56.13%), The company’s main clients are Volkswagen, FICAMT company (10.64%), others. Audi and Daimler. Three Ford centres launched in six months In the last six months, three Ford centres were launched in Romania. The third one was opened in August 2010 by PlusAuto in Craiova, following an investment of 1.5 million EUR. The centre has 30 employees. PlusAuto recorded a sales increase of some 4% in the first seven months of 2010 compared to the similar period of the previous year, reaching over 250 auto vehicles. For 2010, the company targets total sales of over 500 auto vehicles, up by 10% compared to 2009. At present, the Ford network on the local market includes 43 auto centres, controlled by some 23 dealers. The Ford sales on the domestic market recorded a continuous growth during the first six months of 2010. The evolution of the sales is presented below. Evolution of Ford sales in Romania in H1 2010 1,400 1,200 1,000 800 units 600 400 200 0 January February March April May June Source: APIA
  • Dacia sales increased by approx. 11% in H1 2010 In the first six months of 2010, Automobile Dacia sold 181,286 auto vehicles, up by some 11% compared to the similar period of the previous year. This increase is mainly based on the demand from the Western European markets, where Dacia sold 123,000 units in the first half of 2010, this representing almost 70% from the company’s production in this period. The evolution of the Dacia sales in the first semester, during the period 2005 – 2010, is presented below. Dacia sales in H1, during 2005 - 2010 200,000 180,000 160,000 140,000 120,000 units 100,000 80,000 60,000 40,000 20,000 0 H1 2005 H1 2006 H1 2007 H1 2008 H1 2009 H1 2010 Source: Ziarul Financiar newspaper Disclaimer: Whilst every care is taken in compiling this report, no responsibility is taken for errors or omissions. FRD Center guarantees that this information, collected and generated, has been operated in a professional manner and best efforts were applied with a view to offering accurate and complete results. However, FRD Center will not be held liable for any damage or loss resulting from the use of the information contained herein. Jackie Bojor, Director of Business Development FRD Center, Bucharest, Romania www.frdcenter.ro tel: +4021 411 1460; fax: +4021 411 1461 e-mail: europa@frdcenter.ro