Indian car parts manufacturer Sandhar Technologies will open a factory in Romania to produce die-cast aluminum components for car wipers and seat belt retractor spindles, local media reports said.
Romania-insider.com, citing Profit.ro, said the Indian group had set up a branch in Bucharest, through its Spanish subsidiary, to prepare the launch of its Romanian operations.
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Sandhar Technologies RO has a share capital of RON1m (EUR0.2m) and is wholly owned by Sandhar Technologies Barcelona, a company owned by Sandhar Technologies.
Founded in 1987 by Indian businessman Jayant Davar, Sandhar Technologies operates 43 factories in India, Spain, Poland, and Mexico, with over 5,800 employees.
The company is listed on the Mumbai BSE Stock Exchange, the reports said.
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