Dura invests 7m euros in two years

US-based automotive component Dura Automotive Systems successively increased the share capital of its Romanian branch by more than 700,000 euros in August and September, the National Trade Registry Office data show. The company plans to invest 7 million euros over the next two years after having completed a 5 million-euro in factory in Timisoara that takes up 5,000 square metres. Dura Automotive officials said that the company”s business in Romania would reach 4 million euros this year and the value would gradually increase until 2009, when it should exceed 30 million euros. The company”s strategy on the domestic market entails supporting the expansion of Renault/Dacia, promoting the entire Dura range of products on the Eastern European market, low cost for labour in order to set competitive prices, and turning Romania into a hub for the products distributed throughout Eastern Europe. ZF