BYD Electronics

Type
Business expansion
Country
Romania
Region
Macroregiunea Unu; Nord-Vest; Cluj
Location of affected unit(s)
Jucu
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
2,000 jobs
Number of planned job creations
Job creation
Announcement Date
10 March 2008
Employment effect (start)
1 November 2008
Foreseen end date
1 January 2010

Description

BYD Electronic, a spin-off of Chinese handset battery maker BYD Group and supplier for Nokia, announced that it is to create 2,000 new jobs by the beginning of 2010 following the development of a new plant in Tetarom industrial park (Jucu, Cluj county, North-West region). The new facility is expected to be operational in November 2008 and will produce accumulators and handset casings for Nokia mobile phones. This business expansion will involve an investment of EUR 20 million.

Sources

  • 11 March 2008: Ziarul Financiar

Citation

Eurofound (2008), BYD Electronics, Business expansion in Romania, factsheet number 66395, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66395.