Faist Mekatronic will invest ten million EUR in its plant in Oradea (NW Romania) during 2016 - 2019. The investment will generate 150 new jobs and aims the development of the mould, assembly and tuning units. Faist Mekatronic manufactures in Oradea aluminium die casting for automotive and telecom industries. Faist Mekatronic has projects in the automotive sector for the following companies: Mahle, Borg Warner, Hella, Kahrein, Ina Schaeffler, Konsberg, Brose or Magna.
Ford will invest approximately 200 million EUR to start producing a new model in its plant in Craiova (SW Romania). Ford will start producing the EcoSport small SUVmodel in Romania in the fall of 2017. Ford has acquired the plant in Craiova in 2008 and has invested over 1 billion EUR in the past seven years. The plant currently produces the B-Max model and the 1-liter EcoBoost engine.
Draexlmaier has attracted a financing of 40 million EUR from the European Bank for Reconstruction and Development in June 2016. Draexlmaier will use the money to increase the production capacity in its plants in Romania, Serbia, Macedonia and Tunisia and to construct a new production unit in the Republic of Moldova. Draexlmaier has been operating on the Romanian market since 1993.
Continental invests 12 million EUR in a 7,000 sqm addition to its electric components production plant in Timisoara (Western Romania), reaching a total of 21,000 sqm by the end of 2016. The construction works have started in May 2016. During 1999 - 2015, Continental has invested 1.13 billion EUR in its Romanian activities, where all its five divisions are represented: Chassis & Safety, Interior, Powertrain, Tyres and ContiTech
Star Transmission, part of Daimler Group, has started in April 2016 the production of the Mercedes-Benz 9G-Tronic nine-speed automatic transmissions in its plant in Sebes (Central Romania), following investments of over 300 million EUR. Star Transmission has been established in 2001.
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