Shengxiang Ye, general manager of Topband Europe, said the company would create over 1,000 new jobs in the area by 2025, in a $30 million investment. The company plans to hit 9 million products capacity annually, set to generate sales of around $150 million.
The Chinese company is likely to expand to a total of 23,000 square meters in the Timisoara park, according to CBRE.
“With this new deal, the volume rented in the first three quarters in Timisoara revolves around 30,000 square meters, an additional evidence 2021 is a very good year for Romania’s industrial space market,” stated Madalin Aresmeritoaie, senior consultant industrial services at CBRE Romania.
(English version by Catalina Apostoiu)