French car parts producer Faurecia opened its fifth factory in Romania, located in the village of Cateasca, Arges county, following a EUR 8 million investment.

The factory will produce components for car interiors that will be delivered to international customers such as Jaguar Land Rover, Fiat Chrysler Automobiles, Volvo, Ford, PSA Peugeot Citroen and Renault.

The factory currently has some 370 employees and, by 2020, their number will increase to 900, according to Jean-Michel Renaudie, Faurecia vice-president responsible with interior systems. The unit spans over 14,000 sqm and is one of the most modern in the group.

The group currently owns five factories in Romania. It produces car seats in Talmaciu and Ramnicu Valcea, emissions control systems in Craiova, and interior systems in Mioveni and Cateasca.

Faurecia entered the local market in 2003 and has reached over 3,300 employees in Romania. Last year, its local factories recorded total sales of EUR 219.3 million.

Worldwide, Faurecia had total sales of EUR 21 billion in 2016. The group has over 100,000 employees in 320 production units and 30 research centers, in 34 countries.

editor@romania-insider.com