Franke Owner Invested EUR16M In Land Near Timisoara To Sell It To Industrial Investors

02.04.2015 By Cristi Moga

Swiss billionaire Michael Pieper, owner of the kitchen appliance manufacturer Franke, has invested about EUR16 million in land near Timisoara in the last seven years, where he plans to attract logistics or industrial facility investors as infrastructure in the area improves and labor costs are still low.

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Keywords:
franke
, artemis
, land
, timisoara
, investment