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May 19, 2022
BUSINESS

Bosch to inject EUR 77 M in production unit in Cluj

German auto part manufacturer Bosch will be given on concession a 215,000 m? land area on which it will erect a production facility in Cluj County, an EUR 77 M investment, according to Bosch presented to PM Emil Boc, according to Mediafax. The German group estimates the investment will provide over 300 new jobs in a first phase, according to a Government press release.

The Bosch delegation headed by Guenther Gaub, vice-president executive division Auto­mobile Electronics, met with PM Emil Boc, who assured Bosch officials that Government will provide state assistance to the investment project. Bosch would place its production facilities on 21 hectares of land in the industrial park Tetarom III, where the Nokia mobile phone plant used to operate.

The Bosch Group, which has been doing business in Romania since 1994, has five companies operating in this country, namely Robert Bosch, BSH Elec­tro­casnice, Bosch-Rexroth, the Blaj-based factory Bosch-Rexroth Romania and the Commu­nication Centre in Timisoara. In 2010, Robert Bosch SRL reported a business turnover figure of RON 249.5 M, circa EUR 59 M, according to the Finance Ministry website.

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