Bicycle producer Sport Mechanical Workshop from Timisoara, controlled by two Italian investors and their Romanian partner, will invest EUR 30 million in a new production unit that will also be located in Timisoara, western Romania, Ziarul Financiar daily announced.
The company currently assembles bicycles for French sports retail chain Decathlon in a rented space of 5,000 sqm in Timisoara, according to Romania-Insider.com.
The new production hall will span over an area of 23,000 sqm and will be able to produce 1.5 million bicycles per year, making it the largest such production unit in Eastern Europe. The investors are Italians Francesco Russo and Vittorio Olagnero, and their Romanian partner Laszlo Nyaradi.
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