Japanese company JTEKT, interested in expanding operations in Romania, investment of 125 million euros

Must Read

Three students from Romania want to revolutionize aircraft avionics. They were awarded at the International Science and Engineering Fair (ISEF). Among the prize winners...

Bucharest, June 18, 2024 - RBJ - Filip Bușcu, David Ghiberdic and Rareș Marinescu, students at the Bucharest International...

Media Fact Book 2024, Initiative: The local media market will reach a record value of 762 million euro by the end of this year

Bucharest, June 17, 2024 - RBJ - The media market in Romania has been on a stable upward trend...

Storm Shadow AI Solution, developed by the Romanian company OVES Enterprise, on the verge of being used by major weapons manufacturers to counter GPS...

Cluj-Napoca/Romania, June 12, 2024 - RBJ - Storm Shadow AI (SSAI), the advanced artificial intelligence solution capable of learning...

By Emea Riga
The Minister for Business Environment met with representatives of the Japanese corporation JTEKT on Wednesday. According to a press release the Japanese company is interested in expanding its operations and production facilities from Koyo Seiko Romania to be able to produce auto parts for Toyota Motors factories in the Czech Republic. The investment value announced in the Alexandria unit is 125 million euros.
The announcement of the investment was launched in the summer, in the context of discussions with a Romanian delegation. “Romania is ready to receive a new important name in the global auto parts industry. The auto industry is one of the engines of Romanian exports. The biggest players in the automotive sector have dozens of factories in Romania, production centers that support entire cities through the orders they receive, ”the Romanian official told the business community in Japan.
JTEKT Corporation is a Japanese corporation established in January 2006 through the merger of two companies, Koyo Seiko Co. and Toyoda Machine Works, with a business over $ 1 billion.
Last year, bilateral trade between Romania and Japan totaled $ 709.7 million, of which Romanian exports amounted to $ 296.1 million, and imported $ 413.6 million. The main Romanian products exported to Japan are wood and wood semi-finished goods, clothing and accessories, electrical machinery and equipment, chemicals, metallurgical products, footwear, glass, ceramics, wines, honey, cosmetics. The main Japanese products imported into Romania are means of transport, electrical equipment, machinery and equipment, metal products, chemicals, optical and photographic instruments and devices.

- Advertisement -
Latest News

Three students from Romania want to revolutionize aircraft avionics. They were awarded at the International Science and Engineering Fair (ISEF). Among the prize winners...

Bucharest, June 18, 2024 - RBJ - Filip Bușcu, David Ghiberdic and Rareș Marinescu, students at the Bucharest International...

Media Fact Book 2024, Initiative: The local media market will reach a record value of 762 million euro by the end of this year

Bucharest, June 17, 2024 - RBJ - The media market in Romania has been on a stable upward trend in 2023, reaching an estimated...

Storm Shadow AI Solution, developed by the Romanian company OVES Enterprise, on the verge of being used by major weapons manufacturers to counter GPS...

Cluj-Napoca/Romania, June 12, 2024 - RBJ - Storm Shadow AI (SSAI), the advanced artificial intelligence solution capable of learning in record time to make...

The Romanian Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of works on the first tritium removal facility in...

Bucharest, June 10 June, 2024 - RBJ - The National Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of...

Restart Energy, a Romanian-American company in Romania, is developing a PV of 500 MW, the second largest in Romania

Bucharest, Timișoara, June 3, 2024 - RBJ - Agrovoltaics, a Restart Energy Group company, signes a connection contract with Transelectrica worth 56 million lei,...
- Advertisement -

More Articles Like This

- Advertisement -