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Bucharest
May 18, 2021
BUSINESS

Yazaki Romania opens new production unit in Caracal

Yazaki Romania inaugurated yesterday a new production unit in Caracal, by which the car-part supplier reasserted its commitment to Romania, after the opening of the wiring-factory in Ploiesti in 2003, a press release remitted to “Nine O’Clock” informs. The factory’s main client, once production kicks off, will be the company Ford, as the new Yazaki production unit – especially set up to back Ford operations in Romania – will supply car parts both to the Ford factory in Craiova and to its European units. “We’ve made all necessary adjustments to maintain a stable business environment in Romania and to boost the confidence of those who wish to invest here. The foundation of the economy is stable now. Budget deficit dropped and is still shrinking. Inflation is on the ebb and will meet this year’s and next year’s target. Current account deficit is at a sustainable level. The exchange rate’s stability in the past years reflects this healthy foundation and the investors’ satisfaction with the adjustments we’ve made. It is a comfort for any foreign investor to know he can rely on stability. This is the most valuable asset we can offer,” prime-minister Emil Boc stated, attending the inauguration of the new factory in Caracal. In turn, Jorge Damasceno, Yakazi Romania Director General, stated that Romania offered a strong potential in terms of workforce and human capacity.

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