Automotive investors in Cluj's IT park

Two automotive component makers, one of them from Germany and the other from America are planning to open productive facilities in the high-tech industrial park in Cluj, with investments set to exceed $1 million each. “The German company will make small automotive electrical engines and create nearly 500 jobs. As for the American company, it will make automotive parts and create some 400 jobs,” Viorel Gavrea, general manager of Tetarom, the firm managing the park, told Ziarul Financiar. “It is true the American company’s core business hardly matches the designation of the park, but we’re still pondering whether to attract investors or abide by the admission criteria of this park. Anyway, we can’t possibly fill 28 ha with software developers only,” he added. Whether the two investors begin production in Cluj or not, this is solely up to how fast the local authorities complete the park. ZF