Auto equipment suppliers eye Romania

The opportunities and the growth outlook offered by the domestic carmaking industry have made three more companies, two of which Germany-based and one from Japan, invest substantial amounts of money in building productive facilities in Romania. The first of the three, H.G. Vermogensverwaltung GmbH has already selected the location of the new factory, an about 7,000 sqm piece of land in the industrial park near Timisoara, where it is to make dies for car parts, according to Radu Radoslav, head of the Urban Development Department within the Timisoara City Hall. The other two projects target Ploiesti,  as this is a strategic location for the carmaking industry. One of the projects belongs to Germany’s Freudenberg SAS, one of the biggest makers of auto subassemblies. Although the authorities do not know much about this company’s plans, they seem to think Freudenberg is quite serious in its plans to invest in the area, as it has already begun interviewing job applicants. The other project in Ploiesti belongs to Japan-based Yazaki, one of the world’s leading car part suppliers, which is planning to invest in building a factory here. ZF