The financing agreement was approved on December 21, 2016 and the Japanese group said it would create 830 new jobs. The total value of the investment in Braila center is RON19 million, according to Finance Ministry data.
Yazaki started production in Braila in October 2015 and in June 2016, the company had 1,344 employees, according to the data previously provided by the company.
Yazaki currently operates five plants on the local market: in Ploiesti, Caracal, Urlati, Braila and Arad, and is among the five largest exporters in the counties where the plants are registered.
Yazaki group, established in 1929, is one of the largest producers of wiring harnesses and a worldwide market leader in the automotive industry.