Lufkin Industries purchases a 33 ha plot in Ploiesti West Park, plans a USD 126 million investment

SC Allianso Business Park SRL, the Romanian subsidiary of Alinso Group, has signed a sales contract with Lufkin Industries for a 33 ha plot in Ploiesti West Park. The Texas-based oil company plans to build a manufacturing facility which will employ 300 persons by 2012, at an estimated total cost of USD 126 million.

“The new operation in Romania is a critical step in our strategy to expand our geographic reach to better serve our global customers. This will enhance our competitive position in the growing markets of the Eastern Hemisphere. Using Lufkin’s proven regional manufacturing strategy, the Romanian operation will serve as a strategic hub to serve the European market as well as acting as the focus for exports to Russia, Central Asia, North Africa, the Middle East and markets in East Asia”, said Jay Glick, CEO and president of Lufkin Industries. He added that Romania offers the company an advantageous location as it is becoming a regional energy hub. Glick mentioned advantages such as the political stability provided by EU membership, the strategic benefit of significant local oil resources, access to local sources of raw material and castings, a strategic location for shipping routes and a technically-capable and highly-educated local workforce.

Allianso Business Park SRL has already delivered a 30,000 sqm warehouse to Unilever in April, 2010. A new 20,000 sqm logistics building will be available by the end of September this year, according to company representatives. Allianso also plans to build a SME building complex on the Ploiesti West Park site.

Simona Bazavan

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