The move marks a change of direction for the Timisoara plant. In 2022, Draexlmaier launched works in Timisoara for a new E-mobility parts unit, a EUR40 million investment in the first stage. The group at that time announced it would invest EUR200 million at its Timisoara plant over the next six years.
Now, four years later, as Europe is stepping up defense investments and car parts makers are seeking to diversify their portfolios amid car market volatility, the German group is building in Timisoara the necessary administrative infrastructure to operate on the military product segment.
Sisteme de Productie Cablaje, set up in 2014, is far from being a marginal entity within the German group: the company ended 2024 with turnover of RON244.7 million (around EUR50 million), up almost 3% from 2023, RON8.8 million net profit and 1,756 employees.
It’s one of the five legal entities via which Draexlmaier operates in Romania.
Draexlmaier group is the third biggest employer in Romania automotive industry.
(English version by Catalina Apostoiu)