Lear Corporation Romania reported a net profit of RON49 million (almost EUR10 million) in 2022, up 8.5-fold higher than RON5.7 million (EUR1.1 million) reported in 2021, in line with publicly available data. The company had on average 4,400 employees in 2022.
Lear Corporation Romania makes electrical systems for vehicles in its facilities in Campulung and Pitesti, and car seats in its plant in the Letcani industrial park near Iasi, working for all major carmakers in Europe, as per data previously provided.
Lear Corporation Romania was established in Pitesti in 2001 and its core activity consists in manufacturing electrical and electronic equipment for vehicles and vehicle engines.
In 2022, Lear Corporation acquired Romanian software company Thagora Technology, founded by entrepreneur Mihai Mitrica in Iasi.
The largest car parts manufacturers in Romania are as follows: Continental, Star Assembly, Autoliv, Michelin, Hella Pirelli, Bosch, Marquardt, Leoni and Yazaki, according to a ranking of car parts makers, compiled by Ziarul Financiar (ZF) daily.