Seatbelts and airbags producer KSS builds third factory in Romania
The company had previously announced the plans to build the Arad factory, but then it was expecting to begin production in 2010.
KSS Arad is headed by Dorel Enache, who has been discussing details about the new investment with the head of the Arad County Council, Nicolae Iotcu.
KSS, headquartered in Michigan, US, posted USD 850 million in turnover last year. The company produces inflatable seat belts, airbags, steering wheels. It opened the first factory in Romania in 1999 at Brad, where it produces steering wheels. In 2005, it added a seat belts production facility at Brad, and in 2005, the service center in Timisoara.