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Feb 06, 2017 15:46 EEST
February 6 (SeeNews) - Japanese auto filters maker Roki will open a factory in Romania's western city of Arad and start production in 2018, Czech real estate developer CTP said on Monday.
Roki leased for five years 5,500 sq m in CTP's logistic and industrial park in Arad, the developer said in a press release.
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In the first stage, some 50 people will work in the factory and office area, as their number will double by 2019, CTP said. Production is due to begin in 2018, it added.
"This project is part of Roki's enlargement policy within Europe, which is why we have provided opportunities for expansion," CTP Romania country head Ana Dumitrache said.
Roki group was founded in 1978 in Tokyo and currently operates 15 factories in 12 countries such as China, India, Thailand, USA or Mexico.
CTP is Romania's biggest owner of industrial spaces, with investments totalling 250 million euro ($268.4 million).
In June 2016, Japanese electric motor maker Nidec Corporation completed the takeover of a 94.8% stake in Romanian washing machine and drying machine motor manufacturer ANA IMEP for an undisclosed sum.
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