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Den Braven seals the deal

 

Dutch courage helps maintain top slot

Investors from the Netherlands were among the pioneering companies that came to Romania as early as the beginning of the nineties, increasing their presence after EU accession in 2007 and now claiming prime position among the country’s top foreign investment sources. Business Review takes a look at the results posted by some of the big Dutch investors in 2010 as well as their future plans.

Simona Bazavan

Dutch and Austrian companies have been fighting it out for the top position among foreign investors to Romania for the past decade, according to National Bank of Romania (BNR) data. But while many of the investors coming from the Netherlands are Dutch-capitalized companies, others are foreign firms registered there due to a friendlier fiscal regime than in other European countries.

Judging by official statistics from the Netherlands Embassy in Bucharest, at the end of 2010 there were 3,846 Dutch-capitalized companies registered locally, with a total investment value of EUR 5.85 billion, making the country number one in the league table of foreign investors in Romania. At the end of 2009 total investment amounted to EUR 4.06 billion and there were 3,584 Dutch-capital companies registered in Romania.

The empty half of the glass is that many of the issues that hindered Dutch investors, as well as those of other nationalities, a few years ago, still apply. Bureaucracy, the payment of arrears, legal uncertainty and issues related to public procurement continue to be a challenge for the local business environment.


Den Braven seals the deal

A well established Dutch investor on the local market is Den Braven Sealants through its local subsidiary Den Braven Romania. Since 1997 the company has invested about EUR 25 million locally, approximately EUR 20 million of which went into a local polyurethane foam plant, the group’s only one in Eastern Europe. Another EUR 100,000 was invested in 2010. The local construction market has fully felt the strain of the recession and 2011 will most likely continue to be a difficult year.

In the summer of 2010 Den Braven was taken over by two Dutch investment funds, Egeria in partnership with Wagram, which acquired its majority share package. The new shareholders made public at the time that they intended to increase production capacity by investing in the local Den Braven foam plant. The investments are predicted to double the turnover of the Romanian subsidiary over the next couple of years, according to company representatives.



Sursa: Business Review



2011-06-13
 
                 
  mamut glue produs Den Braven
                 
         
                 
 

Den Braven România face parte din grupul multinational de firme producatoare si de distributie de origine olandeza Den Braven

Lider mondial în izolanti profesionali, prezent cu produsele sale în peste 100 de tari din întreaga lume.

  Bucuresti - Sediu central
Baia Mare
Braila
Brasov
Cluj-Napoca
Constanta
Craiova
Iasi
Oradea
Timisoara
 

Produsele Den Braven Romania sunt destinate lucrarilor de constructii civile si industriale, industriei tâmplariei cu geam termoizolant, auto si utilizatorilor casnici (DIY).

 
Den Braven seals the deal

Investors from the Netherlands were among the pioneering companies that came to Romania as early as the beginning of the nineties, increasing their presence after EU accession in 2007 and now claiming prime position...
 
                 
         
                 


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