TRW Automotive Holdings has opened its first plant in Romania. The 23,000 square foot steering wheel manufacturing facility employs 250 people.
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Early next year, the business will move into a new, purpose-built 41,000 square foot plant, located in Timisoara, – nearly doubling the size of the operation and increasing the payroll to around 1,100 by the end of 2005. The initial investment is $US16 million.
The plant supplies DaimlerChrysler, Volkswagen Group, BMW and Toyota across Europe and Renault Dacia locally. The facility could also be expanded to make airbags and seatbelts in future.
TRW Automotive executive vice president and chief operating officer Steve Lunn said: “This move enables us to continue to provide our outstanding quality products with an improved cost base for this business.”
