Breaking News

Tweet TWEET

BAT to Invest $52 Million in Romanian Unit, Bursa Reports

British American Tobacco Plc (BATS), Europe’s largest cigarette maker, plans to invest about 40 million euros ($52 million) in expanding a production unit in Romania, Bursa newspaper reported.

BAT started works at the unit to boost the production capacity by about 20 percent, the Bucharest-based newspaper said, citing a company statement. The factory is located in the southern Romania city of Ploiesti.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.