Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. First farm tractor made in Romania after 10-year...

First farm tractor made in Romania after 10-year break unveiled in Bucharest

November 1, 2018

Manufacturer of farm and forestry machinery IRUM Reghin presented on Tuesday in Bucharest the first farm tractor manufactured in Romania after a 10-year break, on an investment of 4 million euro; the machine’s selling price starts at 34,500 euro. “The total investment in this project was over 4 million euro, and the project spanned about 5 years and incorporated the work of 50 engineers. As the main goal we sought to roll out a tractor with a competitive quality/price ratio, targeted at all farmers but especially at small and medium-sized ones. We put great emphasis on the visual identity and in this regard we invested heavily in design. And what’s most important: our goal was to create a tractor that can be exported worldwide and boldly represent the Romanian industry,” IRUM Reghin development director Andrei Oltean told a press conference on Tuesday. The Tagro tractor was developed at the Reghin-based Research and Development Center for Agricultural and Forestry Machinery – IFOR. This center is unique in Europe and was set up by the Maviprod group of companies in the precincts of the IRUM plant, on an investment of 2.65 million euro. The center employs about 50 Romanian engineers. The investment for bringing the Tagro project to life required another 4 million euro made available by IRUM shareholder, Maviprod group. The tractor’s serial production will start in April 2019 and the management of IRUM Reghin estimates that 200 machines will be produced and sold in the first year, that the number will go past 300 in 2020, and 500 Tagro tractors will follow in 2021. IRUM CEO Mihai Olteanu said that the new tractor “will be bound for foreign buyers, first of all for Hungary, where the company already has its own headquarters that will be expanded, but that “the Bulgarian and Ukrainian markets are particularly interesting and they will serve as connection bridges to Western Europe.” Tagro is intended primarily for small and medium-sized farms and will be sold both on the domestic and foreign markets, and has all the necessary features for a modern tractor, including radio control and air conditioning. Prior to the release, the tractor was tested in Romania and Italy, and by the end of this year the process of homologation with the Romanian Automotive Registry in Bucharest will be finalised. IRUM was founded in 1953 as a facility for the repair of farming and forestry machinery. In 1993, the Oltean family founded Maviprod group, which bought in 1996 the majority stake in IRUM Reghin. In 2007 IRUM Reghin entered a partnership with the Tractorul plant in Brasov, to produce together a Romanian farm tractor, but the bankruptcy of the Brasov-based plant cut the project short.   Despite that, in 2010 IRUM Reghin started producing farm tractors in partnership with the Belarusian Factories. IRUM Reghin currently sells 500 tractors on the Romanian market, accounting for 20 percent of a market where 2,500 new tractors are sold annually. IRUM has almost 500 employees, and the 2017 turnover of Maviprod group – that also incorporates IRUM – is 40 million euro.

Read in full - click here
BVB Arena: Alezzi, a young developer setting new standards for Black Sea Coast properties

This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]

The Stock.estate platform has attracted investments of over EUR 1 million

Licensed in the autumn of 2023 by the Financial Supervisory Authority (ASF) and launched for trading in January 2024, Stock.estate reports a total of over EUR 1 million in investments attracted into local real estate assets. Stock.estate is a crowdfunding platform—the first of its kind authorized by the ASF in Romania and the only operational […]

AGISTA Receives ASF Authorization as an Alternative Investment Fund

AGISTA, the Romanian growth equity alternative investment fund backed exclusively by private capital, has received authorization from the Financial Supervisory Authority (ASF). This milestone enables AGISTA to expand access to capital for high-potential Romanian companies and to actively contribute to the development of the local private equity ecosystem.. The decision confirms AGISTA’s...

Neversea Kapital announces first artists’ lineup for festival in Bucharest

Neversea Kapital unveiled the first artists that will perform at Bucharest's National Arena on July 4-6. First names include Charlotte de Witte, Axwell (of Swedish House Mafia), Alok, and Korolova. Joining them are Salvatore Ganacci, Lost Frequencies, Deborah De Luca, Nina Kraviz, Claptone, Sickick, MËSTIZA, Kshmr, Don Diablo, Steve Aoki, Kaaze, Nervo, and Mau P.  Made […]

Famous Constanța Casino on Romanian Black Sea coast opens for visitors after renovations

Romania’s famous Constanța Casino has reopened for visitors after renovation work that lasted five years and cost RON 200 million (EUR 39.5 million). The landmark building is already open and can be visited for free until Sunday, May 25, with a reservation, as part of the city’s celebrations. The first visitors were met with a […]

IKEA opens first Plan and Order Point in Bucharest

Furniture retailer IKEA announced the opening of its first Plan and Order Point in Bucharest. Located in Orhideea area, it is the second such location in Romania, following the launch in the seaside city of Constanța last year. The Plan and Order Point offers customers assistance in planning various areas of their homes and ordering […]