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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Hong Kong-listed timber supplier buys Romanian beech lumber factory for EUR 2.3 mln

The timber supplier Reliance Global Holdings is expanding in Romania by taking over a lumber factory in Covasna county for nearly EUR 2.3 mln, Profit.ro reported.

The company, registered in Bermuda and listed on the Hong Kong Stock Exchange, signed a conditional agreement for the acquisition of the entire share capital of JWC Romwood from the Austrian group JW Cappelen, a transaction valued at EUR 2.286 mln.

Based in Întorsura Buzăului, JWC Romwood owns and operates a wood processing plant in Covasna, located on a plot with a total area of ​​60,000 square meters.

The factory has a production capacity of up to 8,000 cubic meters of timber per year and approximately 36 employees.

Reliance Global Holdings entered the Romanian market in November 2019, following the acquisition of Woodlands Industrial from Brașov, specialized in the trade of wood material.

Subsequently, the company opened a wood processing plant and a distribution hub, both located in Oituz, Covasna County.

(Photo: Sonsam/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Hong Kong-listed timber supplier buys Romanian beech lumber factory for EUR 2.3 mln

The timber supplier Reliance Global Holdings is expanding in Romania by taking over a lumber factory in Covasna county for nearly EUR 2.3 mln, Profit.ro reported.

The company, registered in Bermuda and listed on the Hong Kong Stock Exchange, signed a conditional agreement for the acquisition of the entire share capital of JWC Romwood from the Austrian group JW Cappelen, a transaction valued at EUR 2.286 mln.

Based in Întorsura Buzăului, JWC Romwood owns and operates a wood processing plant in Covasna, located on a plot with a total area of ​​60,000 square meters.

The factory has a production capacity of up to 8,000 cubic meters of timber per year and approximately 36 employees.

Reliance Global Holdings entered the Romanian market in November 2019, following the acquisition of Woodlands Industrial from Brașov, specialized in the trade of wood material.

Subsequently, the company opened a wood processing plant and a distribution hub, both located in Oituz, Covasna County.

(Photo: Sonsam/ Dreamstime)

andrei@romania-insider.com

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