Major Companies in Romania
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MAJOR COMPANIES IN ROMANIA 2012 2012 EDITION Major Companies in Romania 3 MCR CONTENTS 7 FROM THE EDITOR 8 FOREWORD - Tracing the excellence pattern in Romanian industries - Bogdan Ion, Country Managing Partner, Ernst&Young Romania 9 MCR RANKING METHODOLOGY 11 TOP 300 MAJOR COMPANIES IN ROMANIA 23 BANKING & FINANCE Banking in 2012 towards a more regulated market – Gabriela Bratu, Senior, Assurance& Advisory Business Services, Ernst&Young Doing Business In Romania – Steven van Groningen, President Raiffeisen Bank Romania, President Foreign Investors Council TOP Banking 2012 on the Merger and Acquisition market in the insurance sector – The re-launching year? – Cristina Cerbu, Manager, Transaction Advisory Services, Ernst&Young 2012, a year of challenges in insurance market – Violeta Ciurel, 73 METAL President & CEO, AXA Life Insurance Metal Industry faces bleak perspectives – Magda Munteanu, Freelance TOP Insurance Journalist Financial leasing companies target – survival – Cristina Cerbu, Manager, TOP Primary metal manufacturing Transaction Advisory Services, Ernst&Young TOP Manufacture of metal products TOP Financial Leasing TOP Wholesale of metals and metal ores Solid reasons to grow – Shane Dowling, General Manager, ALD 81 MACHINERY Automotive Better than expected – Magda Munteanu, Freelance Journalist TOP Operational Leasing Let’s invest in skilled workforce – Alexandru Blemovici, General Manager, TOP Pension Funding and TOP Capital Market Intermediation Schaeffler Romania TOP Fund Management TOP Manufacture of machinery, industrial equipment, ships and aircraft 43 ENERGY TOP Wholesale of machinery, industrial equipment, ships and aircraft Shining future for solar power – Andreea Stanciu, Senior Manager, 89 ELECTRIC & ELECTRONIC EQUIPMENT Transaction Advisory Services, Ernst & Young, Mihaela Cuturescu, Senior Moderate raise keeps market afloat – Corina Mica, Freelance Journalist Consultant, Transaction Advisory Services, Ernst & Young TOP Manufacture of electrical and electronic equipment The right way? The Green way – Adrian Borotea, Member of the TOP Trade of electrical and electronic equipment Board, CEZ Romania Manufacture of domestic appliances TOP Electric power generation and distribution 95 IT&C TOP Oil & gas extraction and distribution The mobile maze: when communication goes digital – Mirela Calota, TOP Whole sale of electricity and fuels Manager, Transaction Advisory Services, Ernst & Young TOP Retail trade of gas - gas stations In pursuit of a robust IT market – Carmen Dobre, Senior Manager, 53 CHEMICALS Transaction Advisory Services, Ernst & Young On way from politics to ECOnomics – Iulian Ernst, Freelance Analyst Growth comes from innovations – Jean - François Fallacher, CEO Orange TOP Manufacture of basic chemicals Romania TOP Wholesale of chemical products TOP Telecommunications TOP Manufacture of rubber and plastic products - except tires TOP Communication equipment TOP Manufacture of paints, varnishes and similar coatings, printing inks TOP Computer programming, consultancy and related activities and mastics TOP Manufacture and sale of computers and peripheral equipment TOP Waste Management 105 INDUSTRIAL ENGINEERING 61 PHARMACEUTICALS Project Rush – Magda Purice, Journalist Pharmaceutical Market – Reaping the fruits of past - Bogdan Tenu, Senior TOP Industrial engineering Manager, Transaction Advisory Services, Ernst & Young 109 CONSTRUCTIONS Invest in Romania - Dragos Damian, CEO Terapia Ranbaxy Building industry’s performance returns on upward path, after two years of TOP Manufacture of basic pharmaceuticals double-digit decline – Diana Macovei, Freelance Analist TOP Retail trade of pharmaceuticals How to predict the unpredictable – Daniel Bach, CEO, Holcim Romania TOP Wholesale of pharmaceuticals TOP Construction of residential & industrial buildings 69 GLASS & CERAMICS TOP Building materials An industry war – Magda Munteanu, Freelance Journalist TOP Construction of roads, railways, bridges and tunnels TOP Manufacture of glass and glass products TOP Construction of electric sites TOP Manufacture of ceramic products TOP Construction of utility projects for fluids and related services TOP Hydro-technical constructions TOP Electrical, plumbing and other construction installation activities TOP Manufacture of equipment for construction industry 119 REAL ESTATE The real state of real estate in Romania – Andreas Hadjidamianou, Partner, Assurance & Advisory Business Services, Ernst & Young Low appetite in real estate sight – Adrian Crivii FRICS, MAA, CEO, Darian DRS SA TOP Real estate evaluation companies TOP Real estate agencies TOP Real estate project developers TOP Property & facility management TOP Real estate asset managers MCR CONTENTS 129 WOOD, PAPER & FURNITURE New investments need Government support – Corina Mica, Freelance Journalist A louder voice for Romanian design brands – Camelia Sucu, President, Class Leaving TOP Manufacture of wood and wooden products TOP Manufacture of furniture TOP Retail trade of furniture, carpets and lighting equipment TOP Manufacture of paper and paper products 137 TEXTILE & LEATHER Production of textiles recovers slowly after the 2009 plunge – Diana Macovei, Freelance Analyst TOP Manufacture of wearing apparel TOP Preparation of textile fibers and textiles manufacture TOP Retail trade of clothing in specialised stores TOP Manufacture of footwear and leather goods TOP Retail trade of footwear and leather goods 145 AGRICULTURE Romania’s eternal and fascinating promise – Iulian Ernst, Freelance 171 TRANSPORT & CARGO Analyst Long Road to effectiveness – Magda Purice, Journalist Traders face unpredictable weathers – Angelo Nicolae, General Manager Getting into gear – Sergiu Iordache, Managing Director, DSV Solutions AgriBusiness at BriseGroup Constanta TOP Road transport TOP Growing and trading agricultural raw materials TOP Maritime & river transport TOP Growing and trading fruit and vegetables TOP Air transport TOP Farming and meat processing 153 FMCG TOP Rail transport TOP Freight transport How fast are consumer goods moving? – Corina Mica, Freelance Journalist TOP Postal and courier activities X-Raying the Romanian coffee market – Marius Melesteu, General 179 AUTOMOTIVE Manager Strauss Romania The Romanian automotive industry: changing gear or changing lanes? – TOP Processing of tea and coffee Ariadna Oslobeanu, Senior Manager, Assurance & Advisory Business TOP Manufacture of condiments and seasonings Services, Ernst & Young TOP Manufacture of tobacco products TOP Automotive producers & importers TOP Manufacture of cocoa, chocolate and confectionery Back in 2000? – Dana Cortina, General Manager, Porsche Inter Auto TOP Manufacture of dairy products Romania TOP Manufacture of sugar TOP Car dealers TOP Manufacture of grain mill products and starches TOP Automotive parts producers TOP Manufacture of vegetable and animal oils and fats TOP Automotive parts distributors TOP Manufacture of wine from grape 191 PROFESSIONAL SERVICES TOP Manufacture of beer Circle of trust: relying on the right partner – Corina Mica, Freelance TOP Manufacture of soft drinks; production of mineral waters and other Journalist bottled waters TOP Legal TOP Distilling, rectifying and blending of spirits TOP Accounting, audit, FAS & tax TOP Home and personal care 165 TRADE TOP Business Process Outsourcing TOP Management consulting companies With a slow economic recovery ahead, retailers cannot afford to think TOP Executive search, recruitment and HR management short term – Marius Boatca, Manager, Transaction Advisory Services, TOP Training companies Ernst & Young TOP Market research companies TOP Cash & Carry 203 BUSINESS SERVICES TOP Hypermarkets Tourism, not a walk in the park – Magda Purice, Journalist TOP Supermarkets TOP Travel agencies TOP Do-it-yourself TOP Security companies TOP Discount TOP Hotels and similar accommodation TOP Malls & Shopping centers TOP Printing services 209 MEDIA & ADVERTISING How to survive on a shrinking market – Corina Mica, Freelance Journalist TOP Advertising agencies TOP Media agencies TOP PR agencies 215 HEALTH CARE The two-headed healthcare system – the dinosaur and the phoenix – Mihai A. Pop, MBA, Manager, Transaction Advisory Services, Ernst & Young The urge of threating with good will – Mihai Marcu, President, Medlife TOP Medical centers TOP Dental centers MAJOR COMPANIES IN ROMANIA Edited by: doingbusiness.ro General Manager: Dumitru Ion Project Manager: Roxana Neacsu Project team: Madalina Athanasiu Mirela Bobe Nicolae Ion Magda Purice Contributors: Iulian Ernst Diana Macovei Corina Mica Magda Munteanu Bogdan Preda IT & Web Development: Raluca Butnariu DTP & Grafic design: Marian Caramihai Ilie Toader Production: Carmen Popescu Sales: Teodora Danciu Catalin Luca Ramona Raicu Elena Vijoli Catalin Zaf iu Copyright © 2012 The Publisher cannot, under any circumstances, assume responsibility for any kind of damages doingbusiness.ro supposing to be resulted from the use of the information provided by this publication. The Strada Prof. Ion Bogdan information included into printed edition of Major Companies of Romania, was provided by sources nr. 4-6, etaj 4, we considered to be reliable: Trade Register, National Bank of Romania, Bucharest Stock Exchange, sector 1, Bucureşti The Insurance Supervisory Commission, The Romanian Pension Funds' Association, Romanian Phone: +40 21 528 0408 Association of Fund Managers, Ministry of Finance, companies themselves. However the Publisher Fax: +40 21 528 0409 cannot take responsibility for the information accuracy. E-mail: