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BUCHAREST (Romania), January 17 (SeeNews) - Thermoplastic components maker Reinert Kunststofftechnik plans to invest 5 million euro ($5.6 million) in the expansion of its existing factory in Romania's western city of Oradea, the city's Local Development Agency said on Friday.
Reinert Kunststofftechnik and the agency signed a contract on the continuation of investments in Eurobusiness Industrial Park I Oradea, following direct negotiations which took place in November, the agency said in a press release.
The new facility will manufacture plastic products and will spread on an area of 5,500 sq m. Some 70 new jobs will be created.
Oradea Industrial Park I is located 4 km from the border with Hungary.
Reinert Kunststofftechnik is present in Romanian since 2015 and currently employs over 150 specialized in the development, injection and processing of thermoplastic components mainly for the automotive sector. It is a daughter company of German industrial group Reinert Kunststofftechnik GmbH & Co.