“Our new site in Oradea will nearly double our manufacturing presence in Romania,” said Lon Offenbacher, Inteva Products CEO and President.
The company will manufacture roof system components at its plant in Oradea, mainly for its European customer base.
In 2011, Inteva Products bought the auto parts plant owned by ArvinMeritor in Salonta, Bihor county, where it currently employs 300 people.
In 2013, Inteva Products reported a turnover of RON24 million in Romania, slightly lower from RON24.8 million a year before while its revenue rose 8% to RON28 million, according to Finance Ministry data. Its net profit rose 40.6% to RON2.56 million.
Inteva employs more than 12,500 people in 18 countries and is headquartered in Troy, Michigan, USA.