Draexlmaier will invest around EUR30 million in 2012-2013 to expand the car wiring production unit at its Satu Mare plant, creating around 1,000 jobs. The group’s current investment at Satu Mare is worth around EUR26 million and more than 4,300 jobs.
The Draexlmaier group’s total investments in Romania since 1993 amount to around EUR200 million; they have created 12,000 jobs. The group has five plants in the country – at Satu Mare, Timisoara, Pitesti, Codlea, and Hunedoara – and 45 production units in the world, including 30 in Europe, five in Africa, three in Asia, and seven in Northern and Central America.
In September, during a visit to Munich by Economy Minister Ion Ariton, Draexlmaier announced it was considering opening a new unit in Romania, worth EUR26.8 million. The new plant would create 1,000 jobs and its main clients would be German automakers Daimler and Porsche.
After Nokia’s decision to close its plant in Jucu, Cluj county, in September, the Government announced it is in advanced negotiations with ten companies to attract investments to Cluj county and compensate the resulting losses.