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Romania's Cargus to build, upgrade 16 warehouses in 2022

Romania's Cargus to build, upgrade 16 warehouses in 2022 Cargus CEO Jaroslaw Sliwa Source: Cargus

BUCHAREST (Romania), December 3 (SeeNews) - Romanian delivery company Cargus said on Friday that it plans to invest in 16 warehouses next year, when it expects a 30% rise in the volume of deliveries handled.

The company plans to build six new warehouses in 2022 and upgrade or relocate another ten, it said in a press release.

"All the efforts made to develop the logistics capacity and to improve the experience of our customers allow us to ensure the best delivery rate on the Romanian market - 92% of all deliveries reach their recipients the day after receipt," Cargus CEO Jaroslaw Sliwa said.

Cargus also said that it opened nine new logistics warehouses this year in Brasov, Buzau, Miercurea Ciuc, Zalau, Cluj, Pitesti, Targoviste, Alba-Iulia and Vaslui.

Since 2018 Cargus has invested around 2 million euro ($2.27 million) in its Brasov warehouse, it added.

Urgent Cargus was created in 2014 after Polish fund Abris Capital bought local company Urgent Curier and merged it with the previously owned firm Cargus. In January 2019, Cargus was acquired by Mid Europa Partners investment fund from Abris Capital.

Cargus has a national network of five national sorting centres, 51 operational centres and a team of over 5,000 couriers making over 50 million deliveries per year.

In June, the company said it reached a definitive agreement to take over a majority stake in local e-fulfilment company QeOPS.

($=0.8212 euro)