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25/09
Iasi receives EUR 10 million Turkish greenfield investment in car components production

The project includes the creation of a 10,000 sqm production unit stretching over 5 hectares, which leaves room for further expansion. In the second stage of the project, the company intends to invest in the production of car pumps.

Romania was selected by the Turkish investors after a 12-month research that saw them visit several locations in the region.

“The investment in the north-east area will bring 250 new jobs and the horizontal development of the local economy”, stated Mr. Radu Oprea, Minister for the Business Environment, Commerce and Entrepreneurship.

“The arrival of Dogu Pres to Iasi with an important investment project in the car parts sector, proves once again the attractivity of the north-eastern region for production projects, given that most foreign investments in Iasi focused on IT. We notice that this area has become increasingly interesting, given the difficulty to find workforce in the western part of the country. Moreover, I would like to remind several factors that contribute to the increase in the attractiveness of the north-east region: a high percentage of the active population, very competitive costs, the availability of greenfield or brownfield facilities, linguistic variety, and more”, stated Mr. Vasile Asandei, General Manager of the North-East Regional Development Agency.

Dogu Pres representatives stated: “Dogu Pres chose Romania for many reasons, the main one being that we want to be present in the European Union, as close as possible to our clients. The advantages offered via the state aid measures from InvestRomania, of ADR Nord Est and local authorities, as well as the possibility to find qualified workforce made us decide in favor of Romania and Iasi.”

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