tools and other devices

An honest business: tools and other devices

Tools and other devices: Honest General Trading SRL, a company owned by two Chinese citizens (Zhang Dong & Chen Changhong), operates on the Romanian market for 25 years and its figures rise from one year to another. Tools and other devices for good money In 2018, the company had revenues exceeding RON 202 million (EUR 45 million) and a net profit of RON 22.5 million (EUR 5 million) with 351 employees. Also read: No social-democrats in power, no success for China Only one year before, in 2017, the revenues amounted to RON 193 million and in 2016, RON 163 million. Therefore,

Chinese-German bikes in Romania

Some Chinese ride a German bike in Romania

Chinese-German bikes in Romania: Eurosport DHS SA is the Romanian company (Deva, Hunedoara) that manufactures both bicycle parts and electrical bicycles that ships mainly to Europe, according to their own website. The company is owned by the Chinese citizens Yang Xi & Yang Tianqi together with the German company Prophete GmbH & Co KG, a 100-year-old bicycle manufacturer, that joined the Romanian company in 2006. Chinese-German bikes in Romania Yang Xi is also the representative of the off shore company Dewell Investment Limited (Hong Kong), that owns the majority shares of DHSBaby SRL located in Deva, Hunedoara. Also read: No social-democrats

cosco shipping line romania

Constanța, safe harbour for COSCO

Constanța, safe harbour for COSCO: the Chinese giant shipping corporation is represented by two companies in Romania. One of them is called COSCO Romanian Shipping and Trading SRL and its sole shareholder is the company COSCO Europe GmbH Hamburg. Constanța, safe harbour for COSCO In fact, the current name of the company is COSCO SHIPPING (Europe) GmbH, as explained by the Chinese group website: “COSCO SHIPPING (Europe) GmbH is the regional management company of the China COSCO SHIPPING Corporation in the European Region. The predecessor of this company, formerly known as ‘COSCO Europe GmbH’, was the representative office of COSCO

cofco intl

COFCO, the billionaire grain trader

Until 2017, the company now called COFCO International România SRL was called Nidera România SRL. But one year before, the grain trader Nidera, owned by a Dutch family, became 100% the property of COFCO (prior, COFCO had bought 51% of Nidera for an amount estimated by the analysist for USD 2.4 billion). COFCO, the billionaire grain trader, is the largest grain trader in China and one of the most active world players on this market during the last years. COFCO, the billionaire grain trader from China COFCO expansion policy may be seen ongoing also in Romania, through COFCO International România

bank of china

A giant steps in: Bank of China

Bank of China officially entered the Romanian market, as a branch of Bank of China Hungary, in December 2019, and marked the moment with a festive ceremony at the Bucharest Palace of the Parliament. According to data from the Ministry of Finances, the Romanian branch declared no activity in 2019. What’s Bank of China in Romania supposed to do The Branch from Bucharest is supposed to develop corporate activities only, to work with big companies only and to finance possible infrastructure projects, should they become effective in the future. For the moment, no such important project was notified. The ceremony

zte

ZTE, Huawei’s very poor brother

Huawei’s very poor brother, ZTE România SRL, is owned, according to “The Official Gazette”, by “ZHONGXING COMMUNICATION (also known as ZTE CORPORATION, in English transliteration)”, as sole shareholder. The telecommunications company has solid business relations with national data and voice operators (such as RCS RDS, for example) and a greater role in the region than other ZTE representatives. Also read: No social-democrats in power, no success for China According to an announcement made by the company, ZTE opened a service centre for monitoring the telecom networks of 23 European states and has invested, until the end of 2015, a total of

Ilfov

Ilfov, the traditional Chinese trade base

Chinese trade is made in Ilfov. Traditionally, Ilfov county is the base of Chinese companies having trading businesses in Romania: from clothing and footwear to sanitary equipment and machinery. Chinese trade is made in Ilfov In Afumați, a locality in Ilfov, ten companies had revenues of 287 million lei (64 million euros) in the fiscal year 2018, the most important being Everpro International Construction SRL (with revenues of 86.2 million lei – 19 million euros, which sells bathroom sanitary ware and installations) and Giant Star SRL (with revenues of 81 million lei – 18 million euros, which sells doors and

nbhx rolem

Western cars, Chinese parts made in Romania

Chinese NBHX Rolem, active in Romania. NBHX Rolem SRL (Codlea, Brașov) is owned by the sole shareholder NBHX Automotive System GmbH Germany (represented, at least since 2018 until the present, by its manager, Fuqing Lin). Chinese NBHX Rolem, active in Romania NBHX Automotive System GmbH Germany is fully owned by Ningbo Huaxiang Electronic Co., Ltd. Shanghai. According to the website of the Chinese company, “As an international group corporation incorporated in 1988 and became a public listed company on the Shenzhen Stock Exchange in 2005, we specialize in designing, developing, producing, selling and after selling services of medium and high-end

Constanta port

The Lemnking of the business scams

Lemnking, a Chinese business scam, worked for many years in Romania due to authorities turning a blind eye to it. In 2004, the Social Democrat deputy Aurel Gubandru was proudly presenting within the Chamber of Deputies the effects of a visit in China made by Adrian Năstase, the social-democrat prime minister at that time. When Năstase visited China “The visit made by prime minister Adrian Năstase in the P. R. of China was truly successful in developing Romanian-Chinese relations, and its results will surely be quick to appear. (…) in the second part of February 2004, a delegation from the

Belt and road Forum

F&J, the story of a Chinese business ghost

The Chinese group F&J has been present in Romania for over 20 years. AT least according to their own website: “F&J Europe, part of F&J Group, began operation on Romania market in the mid 90′s, forming one of the group’s strongest profit centres. Focused on the same businesses – timber, electronic products and household appliances, energy investments, construction and cigarettes producing, but also exploring new opportunities, F&J Europe soon becomes a solid production base and distribution centre.” The official presentation of the Chinese group F&J in Romania The previously quoted website mentions three Romanian companies owned by F&J: Lemnking Manufactory

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