Romania based logistics company Squid Speed Line became Bandag’s latest franchisee in October, with the opening of a new Bandag retreading plant in the village of Scornicesti, about 40 km South-West of Pitesti.
New Romanian Retreader Opens Factory
According to a report in the Romanian publication Tranzit, Lucian Tudor Florescu, the manager of Squid Speed Line, decided to invest in the retread factory after achieving 1.2 million Euros worth of financing to acquire an AtlasCopco compressor and a Crown forklift. Of this amount, 30% is Florescu’s own contribution, from a bank loan. Florescu has also invested 200,000 euros in the construction of the factory, with an area of 600 m2, as well as in the acquisition and arrangement of the land with a total area of 2,800 m2.
According to Tranzit, production at the new factory was scheduled to commence after 18 October following staff training at Bandag’s European Training Center
In the first year, the production of about 4,000 retreaded tyres is estimated, and then, depending on the market, production capacity is expected to increase to 40 tyres per day, about 10,000 tyres per annum.