US companies have invested USD 1.2 billion in Romania since 2009 and American companies are still interested in making local investments, according to Mark Gitenstein, the US ambassador to Romania. Procter & Gamble is one of these investors, said Gitenstein, quoted by Romanian media.

Sotirios Marinidis, general manager of P&G Romania, said the country is in cards for a possible next large investment. It can be a new factory, a new services center or the expansion of the existing facilities, said Marinidis, adding a decision has not been made yet.  Procter&Gamble posted a turnover of EUR 596 million last year in Romania, up 10.9 percent on 2008. The company opened its Urlati factory this fall, following a USD 100 million investment.

editor@romania-insider.com

(In picture, Romanian president Traian Basescu at the opening of Procter & Gamble's factory in Urlati)