Type
Business expansion
Country
Romania
Region
Centru; Sibiu;
Location of affected unit(s)
MediaÅŸ (Centru region, Sibiu county)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

1,000 jobs
Number of planned job creations
Job creation
Announcement Date
16 September 2005
Employment effect (start)
1 March 2006
Foreseen end date
1 March 2006

Description

In September 2005, the German group Kromberg&Schubert will start building a factory in Mediaş (Centru region, Sibiu county). Construction works are expected to be finalised by March 2006. In the initial stage investments will total €10 million. The factory will manufacture special cables, network cables, cables for automotive engine compartments and plastic components. The factory will start off with 1,000 employees; the company hopes to achieve a total workforce of more than 2,000 people in the future. Kromberg&Schubert is a global supplier to the automotive components industry and has over 13,000 employees worldwide. In Romania, the group became operational in 1999, setting up a factory in Timişoara (Vest region, Timis county) which currently employs 2,600 people.


Sources

  • 16 September 2005: Ziarul Financiar

Citation

Eurofound (2005), Kromberg and Schubert, Business expansion in Romania, factsheet number 62305, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62305.