The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Monday, 20 February 2012

Investments in Automotive sector: Romania, Poland, Bulgaria

1. Romania
  • In January 2012, Johnson Controls opened a production facility of automotive chairs in Craiova, following investments estimated at some ten million EUR.
  • In 2011, Johnson Controls acquired the auto division of the Romanian manufacturer of polyurethane foam for the automotive industry Spumotim. The transaction includes the company’s headquarters and plant in Timisoara, as well as its plant in Pitesti.
  • In November 2011, Delphi Automotive finalised an investment of over 155 million EUR in its plant in Miroslava, Iasi county.
  • International Automotive Components Group (IAC Group) announced at the beginning of 2011 investments of 58 million EUR to build a new greenfield manufacturing facility in Bals. The state-of-the-art facility will produce instrument panels, door panels, headliners and various other interior trim components to support the Ford’s production in Romania.
  • The German Group Röchling invests over nine million EUR in a plant of plastic automotive components in Pitesti.
  • The German producer of auto components Continental invests 35 million EUR in Sibiu in order to increase its production facilities.
  • The German automotive components producer Bosch will invest 77 million EUR in a production facility in Jucu, Cluj county.
  • The German Group Draxlmaier plans to invest 30 million EUR, during the period 2012 – 2013, in order to expand the production of automotive electrical wiring in its plant in Satu Mare. The investment will create some 1,000 jobs. So far, the German Group has invested in Romania some 200 million EUR.
  • Honeywell intends to build in Ploiesti a brake pad plant, fully equipped with the Hot Press latest technology. 
2. Poland
  • In 2012, the automotive sector is expected to be the industry in Poland which receives the largest amount of foreign investment. In mid-January 2012, the Polish Information and Foreign Investment Agency was processing 29 automotive investments worth a total of over 1.9 billion EUR.
  • Faurecia completed in January 2012 the construction of its second plastic car components plant in Gorzow Wielkopolski, Poland. By the end of 2012, Faurecia aims to create at least 400 new jobs at the Polish plant. The new production facility has a total surface of 17,600 sqm. The plant produces plastic interior parts for Volkswagen and Mercedes-Benz models.
  • The plastic components manufacturer Wezi-Tec will invest over four million EUR in order to expand its plant in Legnica, Poland.
  • In 2011, the US company Pittsburgh Glass Works announced plans to invest some 250 million zł in the construction of a windshield factory in Poland.
  • In 2011, the South Korean auto parts producer Mando Corperation, announced plans to build a factory in Poland with investments of some 400 million zł. This project will lead to the creation of 300 jobs.
3. Bulgaria
  • The total initial investment made by Great Wall Motor and Litex Motors in the production facility in Lovech, Bulgaria is of some 97 million EUR, potentially reaching 300 million EUR if the project is successful.
  • Yazaki Corporation will build a plant in Sliven, Bulgaria. The new plant is expected to be completed by June 2012. The company estimates an annual production in the new plant of some 4,000 wiring systems for the Ford vehicles. So far, Yazaki invested in Bulgaria some 30 million EUR. 
  • In February 2011, the Turkish company Sisecam launched its 5th facility in Bulgaria - a factory for automobile glass located in Targovishte, following investments of 25 million USD. The factory produces automatic and non-automatic side windows and heated back windows.

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