Cameron looks to further investments in Romania
One of the biggest provider of services to the oil industry, Cameron US, has stated that it is going to invest $63 million (£31.6 million) into the Romanian market.
The money will be spent investing into a plant in Ploiesti and will see the company strengthen its standing on the domestic marketplace, reports zf.ro.
It took over the main stake in Sterom Campina - the oil equipment manufacturer - in 2004, the publication stated.
Now, under the new move, the plant will make surface goods for the Russian, European, African and Caspian markets.
Construction works are set to be finalised in 2008, according to the firm, with 330 people being employed at the plant.
"Cameron is expanding and counts on the favourable results registered by the current Romanian plant," stated a chairman at the drilling and productions group of Cameron John Cane told zf.ro.
Recently, Citibank stated that its second biggest network is set to be in Romania.
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