CAR PARTS
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Altur Slatina Invests Over EUR5M In Equipment
Automotive component manufacturer Altur Slatina (ALT.RO), controlled by businessman Catalin Chelu, will make a 22.1 million lei (EUR5.18 million) investment to buy equipment required to impr...
Insurer-Workshop Contracts Do Not Affect Car Part Suppliers - Insurance Regulator
Collaboration conventions signed between insurers which sell mandatory civil liability car insurance policies (RCA) and independent car repair shops do not forbid the latter to buy car parts...
Car Part Manufacturer Hella Hires 300 In Six Months In Western Romania
The Romanian subsidiary of German car parts manufacturer Hella hired over 300 people in the first half of the year, reaching around 1,100 employees in its three plants in Timisoara, Lugoj an...
Audi Supplier Invests EUR5.5M In Production Expansion
German-held car part producer Preh Romania, a supplier for Volkswagen, Audi or BMW, has planned investments of EUR5.5 million for this year to expand production capacity and acquire new equi...
Japan’s Yazaki Invests EUR10M In Arad Car Parts Plant
Japanese producer of automotive wiring systems Yazaki Component Technology is investing over EUR10 million to increase production of its Arad plant. The company plans to boost the plant’s ca...
Romania's Car Parts Market Seen Rising 5% In 2011
The Romanian car parts market is poised to grow by 4% to 5% on the year to around EUR1 billion, as large part of the vehicles bought during the boom years are no longer covered by the manufa...
IAC Group To Open Car Part Factory In S Romania In 2012
International Automotive Components Group will invest EUR58 million in a car part factory in Bals, southern Romania, which will be entirely operational in early 2012, although its first prod...