Automotive parts supplier Faurecia is planning to open a new production facility in the Ostroveni industrial zone, close to the city of Râmnicu Vâlcea in Romania, reports local news site Economica.net.
Dumitru Cornoiu, the head of the country's Valcea County, said that the firm is aiming to create as many as 1,500 new jobs at the plant which will make various car parts. The company is already present in Valcea, where it employs some 300 workers at its production facility.
Under the plan, the new factory will be located on a 30,000-square-meter site. The plant is expected to be built in 2015. The amount of the planned investment in Romania was not disclosed by the firm.
Faurecia produces a wide range of car parts with the use of various plastics, including PP, PVC and PU, according to data released by the firm.
In the Romanian market, Faurecia operates production facilities located in Pitesti, Craiova and Talmaciu. The company supplies its output to a wide range of major car makers, including Toyota, BMW, General Motors, Renault-Nissan, Peugeot, Daimler and Hyundai.