January 17 (SeeNews) - Germany's Wielpütz Automotive plans to invest 10.5 million euro ($12.8 million) in the construction of a factory in Romania's southern city of Craiova, the Dolj county council said on Wednesday.
The company has leased an area of 30,000 sq m in Craiova's High-Tech Industry Park (HTIP) where to build the factory, the Dolj county council said in a press release.
You can download the 2024 Automotive industry in Southeast Europe report here
"Of all the investments made by local authorities, the most appreciated by the community are those that generate jobs, and this company will create 500 jobs in the first five years. For us, this means a lot and I want to assure our German partner of our full openness and support," county council president, Ion Prioteasa, said.
Wielpütz is the 15th investor with whom the High-Tech Industry Park has signed contracts. These 15 companies have promised investments totalling over 20 million euro and more than 1,500 jobs.
Hilden-headquartered Wielpütz manufactures motor vehicle parts and accessories.
($=0.8174 euro)