CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), leased an 11,000 sqm production space for Topband Smart Europe in CTPark Timisoara. The Topband Smart Europe facility has entered mass production phase in the first half of 2023, and it was officially launched in early November.
The Chinese Topband entered the Romanian market in 2021 and chose CTPark Timisoara, which can accomodate anydemand for expansion due to the growth of its clients' businesses. Topband’s production space in CTPark Timisoara will accommodate all the requirements of the company’s customers in Europe.
By leveraging the geographic advantage and Topband’s industry expertise, the Europe factory will provide agiler, more efficient and nearby services for customers in home appliances, power tools and new energy industries. Entering the mass production phase at their CTPark Timisoara production capacity represents Topband's enhanced capability to meet customers’ needs in Europe and global markets.
“Romania and Central Eastern Europe (CEE) in general, with its proximity to Western European markets, are exceptionally well placed for multinationals nearshoring. Benefits such as strong manufacturing base, a wealth of skilled human capital, attractive labour costs and market connectivity make the region a nearshoring hot spot. Topband’s new production capacity reflects the increased demand for nearshoring, as Asian businesses expand their production capabilities closer to their European customer base, choosing CTPark Timisoara as the place to grow”, said Anamaria Munteanu, Senior Business Developer, CTP Romania.
Currently, Topband Europe factory in Timisoara has reached cooperation intentions with over ten international customers in the home appliance and power tool industries. The total investment of the factory will reach around 30 million USD in the future, which will have a positive impact on local community and play a key role in Topband's global expansion.
“Aligned with China's Belt and Road Initiative, our Europe factory reflects Topband's commitment to international collaboration, engaging with over ten global customers in home appliances and power tools. Progressing through various stages, Topband solidifies its global presence, navigating the digital, intelligent, and IoT era to create an intelligent and low-carbon world”, stated Shengxiang Ye, General Manager TopBand Smart Europe.
Timisoara is strengthening its position as a smart workforce (accessible, convenient, and educated) manufacturing destination, Topband's decision to build its production space in CTPark Timisoara being one more proof in this direction.
CTPark Timişoara benefits of a perfect location for distribution, logistics and manufacturing purposed being located at 6 km from International Airport of Timişoara and at 1 km distance from the A1 Highway to Arad and Timişoara ring road.
CTP owns Class A warehouses with a total surface area of approximately 2.6 million square meters in multiple cities in Romania, including Arad, Brasov, Bucharest, Craiova, Oradea, Sibiu and Timisoara.
The information provided by KomuniK
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
