Romania’s Grampet hopes to sign rolling stock production agreement in Cuba, export to all of Latin America

Romanian group Grampet, owned by local businessman Gruia Stoica, could build a rolling stock factory in Cuba, in partnership with the Cuban authorities. The Romanian company would provide the technology and the parts, as well as parts and sub-parts made in Romania. The announcement was made soon after a Cuban delegation visited Romania to check Grampet’s production capacities. Should an agreement be signed, Grampet would thus export rolling stock in Latin America, with a first expansion target being Venezuela.

“I am sure that after this technical visit we will sign a bigger agreement, whose commercial details will be finalized in Havana. […] This Romanian- Cuban partnership will, allow the export of rolling stock throughout all of Latin America. A first step will be made towards Venezuela,” said Graţian Călin, vice-president of Grampet Group.

Grampet controls Grup Feroviar Roman (GFR), which is the second largest railway freight operator in Romania, after the state – owned CFR Marfa. In 2011, the company had a turnover of some EUR 180 million. Grampet Grup has 14 companies, GFR being the biggest of them.

Source: romania-insider.com