Danfoss invests 3-4m euros in plant

The local division of Danish company Danfoss will invest 3-4 million euros in a new plant, after having recently completed the acquisition of a new producer on the local market, Schmidt-Bretten. Danfoss, world leader in the production of mechanical equipment for air conditioning and heating for homes and office buildings, food refrigeration and control of production lines, will invest 3-4 million euros in building a production facility in Bucharest next year, Mihai Gustiuc told ZIARUL FINANCIAR. He will run heating-related operations of Danfoss in Romania. The Danish are now producing heating substations for buildings (blocks of flats and other large buildings), and the new location would enable the portfolio to expand, according to the officials. By developing its Romanian branch, the Danish industrial giant seeks to consolidate its position in the region. “We plan to consolidate our position on the Eastern-European market. We have picked the Romanian market because it is very promising and it allows us to develop,” stated Mihai Constantinescu, sales manager of Danfoss for Romania.