Maurits Willaert, IAC Group vice-president for CEE operations, said the factory will produce parts for the Ford plant in Craiova.
The project will receive state aid worth EUR17 million, he said.
The IAC Group has 73 factories in 15 states and employs around 20,000 people. According to the company’s official site, IAC produces components for Ford, Volvo, Land Rover, Jaguar, Porsche, Volkswagen, Audi, Skoda, Seat, Bentley, Rolls-Royce, Opel, Saab, Mercedes-Benz, Smart, BMW, Mini, Toyota, Suzuki, Renault-Nissan, Hyundai, Honda, Volvo Trucks, Renault Trucks, Scania, MAN, DAF and Daimler Trucks.