The factory makes friction pads for vehicles and the production line was open nearly a year ago, in November 2012.
According to Rainer Bostel, head of Honeywell’s Friction Materials division, the total investment in the factory in Ploiesti will reach EUR57 million by 2015 and of which EUR16 million is state aid.
So far, the factory has made over 2 million friction pads and most of the production is meant for exports to Europe, China, and Mexico.