Magnetto Wheels produces 1.8m rims for Dacia

Automotive components producer Magnetto Wheels Romania estimates it will manufacture around 3.3 million wheel rims this year, with more than half delivered to Automobile Dacia. Last year, Magnetto Wheels produced 2.95 million units. “After investments are finalised, the plant should produce almost 5 million units. For the time being, our production target in 2008 is of 3.3 million units, of which over 50% are for the Logan model,” said Gheorghe Dragomiroiu, general manager of Magnetto Wheels. The remaining output is delivered to the Suzuki plant in Hungary, to Poland and to the Tofas plant in Turkey, which manufactures Fiat models. Magnetto Wheels posted a 33 million-euro turnover in 2007, up by 32% against 2006. In order to increase production to 3.3 million units, the company built a new, 4,000 square-metre facility in Dragasani, where it is now setting up a third production line, following investments worth 1.8 million euros.