NRF establishes NRF Romania S.R.L.

NRF is a leading supplier of engine cooling and air conditioning parts for the automotive aftermarket. The total offer exists of more than 13,000 references, which is rapidly growing. Combined with an increasing sales volume, NRF needs to expand its warehouse capacity. After the opening of a new 12,700 m2 in Valencia, Spain, early last year, NRF announced in the beginning of this year the opening a brand-new 18,613 m2 warehouse in Chitila, Romania. NRF established NRF Romania S.R.L. as the next step in its venture in Romania.

NRF is proud to announce the establishment of NRF Romania S.R.L. The opening of this entity follows the step taken in the beginning of the year with the major expansion in Romania regarding the opening of a warehouse Chitila, situated to the north-west of the capital of Romania, Bucharest. The opening of the new warehouse and the entity NRF Romania S.R.L. reflects the company's goal to meet growing customer demand in that region. In addition, it will improve NRF's operational efficiency and ensures that the company can adapt easily to future growth expectations.

The opening of the new warehouse is planned for 2025. NRF does not expect any disruptions to their regular operations during the transition period. In the meanwhile, with the establishment of NRF Romania S.R.L., NRF will take all the necessary steps to prepare for the opening of the warehouse and for setting up the organization required for NRF Romania.

Shares of Banco Products (I) Limited was last trading in BSE at Rs. 353.30 as compared to the previous close of Rs. 347.85. The total number of shares traded during the day was 6874 in over 322 trades.

The stock hit an intraday high of Rs. 354.80 and intraday low of 348.90. The net turnover during the day was Rs. 2415644.00.

Source : Equity Bulls

Keywords

BancoProductsI INE213C01025 NRF Romania