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Romania’s real economy and the revival of a forgotten craft

Published OnJune 4, 2013

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Published OnJune 4, 2013
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Romania’s real economy and the revival of a forgotten craft

A slice of Romania’s industrial heritage, the former state-owned nuclear components plant of FECNE was last year acquired by the Walter Tosto Group. The Italian based family company is a top manufacturer of critical, long lead equipment including heavy wall hydrocracking, hydrotreating, GTL and EO reactors for various applications within Oil&Gas, Petrochemical, Power & Energy, Phood & Pharma markets.
The investment in Romania responds to a key challenge of industrial entrepreneurs who see the demand of international clients outpace own production capacities.

During the first press event ever to take place at the facility – where access has been restricted for 25 years – Walter Tosto announced the 30 million Euro investment plan which will see FECNE become a leading supplier of components for the energy, petrochemical and oil and gas industries. Covering over 50.000 sqm and strong infrastructure built in the ‘80s, the production at FECNE will be exported in Europe and beyond.

The group is committed to revive the welding craft which has been gradually lost over the past decades. Thus, young people looking to develop this skill can attend an internal three-year school and remain with the company upon graduation.

Two major contracts are already underway, as FECNE will deliver Gazprom three separators for the largest gas compression unit under development at Anapa (South-Stream project), in a contract worth 1.8 mn Euro. Also, until the end of the year, the Romanian plant will deliver 8 reactors of 247 tons each for Chinese company Ningbo, in a contract worth 11 mn USD.

 

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