The Japanese company Calsonic Kansei will invest EUR 30million in Romania, Ploiesti

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The announcement made this spring, namely that one of the world’s leading automotive parts supplier will expand its already existing business in Romania, confirmed in October.  The Ministry for Business Environment, Commerce and Entrepreneurship announced at the beginning of this week that the Japanese company Calsonic Kansei will invest EUR 30 million in an electronic parts factory to be built in Prahova, in the Ploiesti Industrial Park.

The Japanese company Calsonic Kansei will expand its business in Romania by investing EUR 30 million in an electronic parts factory in Ploiesti, where it will create around 300 new jobs. The announcement has been officially made early this week by the Ministry for Business Environment, Commerce and Entrepreneurship. According to the ministry, the final decision was taken as a result of the talks between Minister Ilan Laufer and the Calsonic Kansei representatives, on the occasion of his September visit to Japan, and it was communicated through an official letter of the Operations Manager for Romania, Hiroyuki Horii. Expanding the Japanese company’s business in Romania was deemed to be a first concrete result of the visit paid by Minister Ilan Laufer in Asia between September 16 to 22, 2017, during which the Romanian official representative and the Head of Global Business Mizuho Bank, Teiji Teramoto, have signed the Memorandum of Agreement between the Ministry for Business Environment, Commerce and Entrepreneurship and Mizuho Bank, related to the cooperation for stimulating and supporting, through Mizuho Bank, bilateral investment and to promoting the economic expansion of the Romanian and Japanese companies.

Thus, Mizuko Bank will bring new Japanese investments in Romania, financially supporting some of them, at the same time. “I salute the Japanese company’s decision, which proves the trust in Romania, which proves that decisions and strategies to expand investments in Romania were successful. I hope that this project will be successful, too, bringing added value both locally and nationally” Minister Ilan Laufer stated regarding the Japanese company’s decision to expand its business in Romania. We mention that the strategy of the Japanese company was announced since this spring.

Specifically, at the end of May, former Minister Alexandru Petrescu talked with the Calsonic Kansei Japan representatives on its intentions related to its expansion in Romania, aiming to build a new production unit for automotive parts and to transfer certain production facilities from Asia to Romania. Therefore, the next Minister – Ilan Laufer, materialized the discussions originally held with the Japanese party by paying a visit to Asia last month. The greenfield investment that will be made by Calsonic Kansei in Prahova, in the Ploiesti Industrial Park, involves the construction of a new electronic parts plant for the automotive industry. The investment will begin next year, and the series production will start in 2020. To be mentioned that the investment will be made in the second largest industrial park in Romania. S.C. Ploiesti Industrial Parc S.A. was established in 2002, being a project of the Prahova County Council. It is organized according to the Law no.31/1990, as a joint-stock company whose sole shareholder is Prahova County Council.

According to the announcement made by the Ministry for Business Environment, Commerce and Entrepreneurship, the Japanese company’s investment of EUR 30 million will also lead to creating approx. 300 new jobs. The new production facility of the company will be built near the one already existing since 2006 in the Ploiesti Industrial Park, where more than 600 employees are working. The company produces automotive parts, namely radiators, condensers and air conditioning systems, compressors, exhausts and plastic components for the interior of the car. Worldwide, Calsonic Kansei is one of the most important parts suppliers for the automotive industry. The company has over 80 production plants in which electronic systems, interior components, intake-evacuation systems and automotive thermal systems are being developed.