Loading ...Austrian group High Tech industries (HTI)) announced it would relocate the production facility of car parts to Slovakia and Romania and the facilities which it has in Germany and Austria will be re-dimensioned. The decision was taken to render the company more efficient as a consequence of the economic growth at world level and focuses on the reorganization of HTP Automotive, a division that produces car parts, daily Ziarul Financiar reports.
The production will be transferred to the plants in Slovakia and Romania, whereas the production facilities which we hold in Austria and Germany will be re-sized, " said Petre Glatzmeier, president of the managing board of HTI.
The relocation of production in Romania and Slovakia will be completed by the end of the year to contribute to the company’s financial results, said the company’s official.
In H1, the sales of HTI totaled 99.8 million euros, up 33.4% compared to 74.8 million euros in the first half f of last year. "We are content with the record high of sales," said Glatzmeier.
At the same time, the company reconfirmed the sales targets for 2008 and 20089, worth 200 million euros, respectively 270-300 million euros.
High Tech Industries entered the Romanian market in 2007, establishing a subsidiary in Brasov, which mainly produces car components for a vehicle’s exterior and interior.
After Romania’s western area benefited from the presence of producers who arrived at mid 90’s, the development of south-eastern areas is next.
According to daily Business Standard, ten suppliers of car parts for Ford, among whom Johnson Controls, Bamesa, Kirchhoff Automotive, Leoni Wiring Systems and Gestamp Automocion, plan to invest in the construction of a plant situated neat the former plant Daewoo.
Until now, 6 suppliers confirmed cumulated investments of over 250 million euros. American car parts maker Delphi decided to open a new production unit of injection system car parts for Diesel engines in Iasi (north-east). At the end of the project, which entails the development of new production facilities in Iasi, the number of employees would have to reach 1,000 and the
overall invested sum would exceed 100 million euros, according to the company’s officials.
overall invested sum would exceed 100 million euros, according to the company’s officials.
Delphi holds other two Diesel equipment plants in Romania, at Ineu in Arad ounty (western Romania) and at Sannicolau Mare in Timis county (western Romania).
The group manages 14 locations specializing in the segment of control systems of Diesl engines, being present in Brazil, South Korea, India, Turkey, Mexico, France, Spain, UK, reads daily Evenimentul Zilei.
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