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Ploiesti West Park continues to attract new foreign investors to Romania

Ploiesti West Park continues to attract new foreign investors to Romania SC Allianso Business Park SRL, the Romanian subsidiary of Alinso Group, signed a sales contract with the Toro Company (NYSE: TTC), leading worldwide provider of precision irrigation systems. The Toro Company purchased a plot of 3,5 hectares in Ploiesti West Park on which it intends to construct a manufacturing facility of 11 000 m2 that will employ approximately 100 persons, once fully operational. Constructions will start in early 2011 and the facility will include production/assembly, warehouse and office space. Once complete, Toro’s new facility will manufacture micro irrigation products for growers of vegetables, field crops, orchards and vineyards in Eastern Europe, Russia and the Ukraine.

“I am proud to see that reputable companies, like Unilever, Lufkin and Toro, confirm their interest for being part of Ploiesti West Park, a major industrial hub for the Prahova region and for the Eastern Europe at large. Toro’s strategic investment here proves once again that Ploiesti West Park is a strategic location for companies expanding in the region, and it also creates good premises for future growth of Romania’s agricultural status”, stated Ivan Lokere, CEO Alinso Group.

Ploiesti West Park has already delivered 30 000 m2 of class A logistics warehouse to Unilever in April, 2010, while constructions to Lufkin’s new manufacturing facility already started, following a 33 hectares transaction last year. Another 20 000 m2 logistics building was finalised last year with delivery to end-users scheduled for Q1 2011. The next major development for Ploiesti West Park is the construction of the first SME (Small and Medium Enterprises) building of 17,860 m2, for which excavations works have already started.
Ploiesti West Park is becoming fast one of the major logistic hubs as well as leading industrial park, at both Romanian and European level.

“We selected Ploiesti West Park in Romania due to its central position, good transportation infrastructure, and access to skilled manufacturing resources. It’s also in close proximity to Romania’s growing agricultural region” stated Kirt Williams, General Manager Romania from Toro Company.

ALINSO GROUP manages a substantial real estate portfolio including logistics, commercial and industrial real estate. It has extensive expertise in re-conversion of industrial sites, development of business parks, as well as in providing tailor-made logistics, industrial solutions and green energy projects.
ALINSO GROUP is the developer of Ploiesti West Park, one of the largest and most modern industrial and business parks in Eastern Europe, with a total construction value of buildings and infrastructure works of 750 million EUR for the duration of the project. Ploiesti West Park’s logistics warehouses are fit for European distribution centers of regional and national importance, as well as for distribution activities to the city centers of Bucharest and Ploiesti and the surrounding regions.

The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.7 billion in fiscal 2010, Toro’s global presence extends to more than 80 countries through its reputation of world-class service, innovation and turf expertise. Since 1914, the company has built a tradition of excellence around a number of strong brands to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields..


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