Household appliances producer De'Longhi buys Nokia's factory in Romania
De'Longhi plans to make the facility a key part of its development strategy, aimed at supporting its fast-growing international presence, according to a recent statement. The facility will also enable the company to partly re-balance its manufacturing structure from the Far East to Europe, where De'Longhi already operates a plant in Italy.
De'Longhi, known for its coffee machines, kitchen products, and home appliances, has a yearly turnover of around EUR 1.4 billion and is listed on the Milan Stock Exchange.
More about Nokia's factory shutdown in Romania here.
Corina Saceanu, corina@romania-insider.com
(photo source: De'Longhi)