Nederlandse Radiateuren Fabriek B.V. (NRF), Wholly Owned Subsidiary of Banco Products (India) Limited is a leading supplier of engine cooling and air conditioning parts for the automotive aftermarket. The total offer exists of more than 13,000 references, which is rapidly growing. Combined with an increasing sales volume, NRF needs to expand its warehouse capacity. After the opening of a new 12,700 ma in Valencia, Spain early last year, NRF is now opening a brand-new 18,613 m2 warehouse in Chitila, Romania.
NRF is proud to announce a major expansion in Romania with the opening of a warehouse Chitila, situated to the north-west of the capital of Romania - Bucharest. The opening of the new warehouse reflects the company's goal to meet growing customer demand in that region. In addition, it will improve NRF's operational efficiency and ensures that the company can adapt easily to future growth expectations.
In this new warehouse, NRF Romania will be better equipped to manage its inventory, streamline order fulfillment processes, and offer an even higher level of service to their partners in local markets.
Finally, NRF 's commitment to sustainability is also reflected in this project. The new Romanian warehouse is centrally located in Romania itself, but also closer to the other countries. This significantly reduces the transport distance, resulting in a more effective local supply chain network.
The opening of the new warehouse is planned for 2025. NRF does not expect any disruptions to their regular operations during the transition period.
Shares of Banco Products (I) Limited was last trading in BSE at Rs. 462.20 as compared to the previous close of Rs. 463.05. The total number of shares traded during the day was 20027 in over 908 trades.
The stock hit an intraday high of Rs. 469.70 and intraday low of 457.55. The net turnover during the day was Rs. 9263876.00. |
