FM Logistic invests EUR 5 mln in logistics platform in Romania

The local subsidiary of French group FM Logistic is investing EUR 5 million to expand its logistics platform in Petresti, Dambovita county. It will expand its warehouse by 10,000 sqm, by building a fourth unit. This will become operational in August, according to the company. Construction started in April. The FM Logistic platform near the Bucuresti-Pitesti highway opened in 2011 and has now three units of about 20,000 sqm. It can expand by up to 120,000 sqm, according to the company’s development plan. FM Logistic wants to consolidate its presence in Romania, the company announced. It currently has three logistics platforms in Romania, in Timis, Bucuresti and Dambovita, with a total of 55,000 sqm. The company had a turnover of EUR 23.5 million in the last fiscal year, ended March 2015. It has 450 employees. editor@romania-insider.com