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Romania’s RIFIL, the yarn manufacturer, pursues a EUR 4 million investment program this year, which includes the acquisition of manufacturing equipments and the development of new products.
The company has allotted EUR 3 million in a program for improving electricity consumption at the Savinesti unit
for which 52 percent of the financing comes from EU sources
The industrial might of China – the world’s manufacturing powerhouse
“China is not a threat for us because European consumers (mainly) prefer the yarn producers in areas that require lower transport costs and that are able to provide higher quality products that can meet the needs of consumers in the evolved and exacting market,” Stratila told BR.
He added the local textile industry looks competitive given its significant contribution to exports
“We believe that trough a more careful and professional approach regarding the development of the textile industry supported by the Romanian Government, we think the perspectives are there to diversify the range of products, reviving, in principle, the use of natural fibers (flax, hemp, wool), which at present is practically inexistent,” said the president.
Around 525 people worked last year in the three manufacturing facilities controlled by RIFIL
This year’s investments will increase the headcount by around 3 percent
The company’s production operations are based in the Moldova region
RIFIL registered a turnover of around EUR 65 million in 2012 and generated business worth EUR 18 million in the first four months of 2013
The company has both foreign and local individuals and companies as shareholders
including Italian Qquanti or Dutch Fraver Textile Int
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Vacaresti Natural Park opened its first bike and hiking path
The initiative is part of a collaboration between Vacaresti Natural Park Association
The bike path is designed for off-road bikes and is open to both adults and children
as long as they are accompanied by their parents
The path consists of two sectors, namely the “belvedere” sector and “among everglades” sector and stretches along the dam surrounding the park. Access is possible via two entrances: Splaiul Unirii 168 and Strada Savinesti. It takes around 60 minutes to cycle on the path.
„One of the most important functions of the Vacaresti Natural Park is leisure
Bikers who will come to the park on bikes will be able to fully enjoy this,” Dan Barbulescu
director of the Vacaresti Natural Park Association said
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