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BUCHAREST (Romania), October 23 (SeeNews) - Japanese automotive company Calsonic Kansei is expanding its business in Romania by investing 30 million euro ($35.2 million) in an electronic components factory, the Romanian ministry for business environment, commerce and entrepreneurship said on Monday.
The new factory in the southern city of Ploiesti will employ some 300 people, the ministry said in a press release. It did not provide a timeframe for the investment.
The ministry added that it has received an official letter from Hiroyuki Horii, operations director of Calsonic Kansei's Romanian subsidiary, regarding the investment decision.
This would be Calsonic Kansei's second plant in Romania.
The company is present on the local market since 2006 with another factory in Ploiesti. The factory employs 630 and manufactures heat exchange and air conditioning products for Eastern Europe.
Calsonic Kansei Corporation has 50 manufacturing centres in the United States, Poland, South Korea, Mexico, Romania, Thailand, UK, South Africa, India, Spain, China, France and Malaysia.