German car parts maker invests EUR 50 mln in new factory in Romania

German car parts producer Draxlmaier has invested EUR 50 million in a new production unit outside Codlea, in Brasov county. The new production space consists of two buildings with a total area of 25,000 sqm. The company will produce here curbs, central consoles and doors for large automakers such as Mercedes or BMW. Prime Minister Victor Ponta and Labour Minister Rovana plumb attended the factory opening. The new unit has been built separately from the already existing plant. With this investment, the company has created 500 new jobs. Draxlmaier, which has started its activity in Romania in 1993, currently has 15,000 employees locally. It owns five production units in Romania, which are also development centers. German Draxlmaier Group to spend EUR 30 mln on expanding Romanian factory editor@romania-insider.com