Fujikura Automotive MLD will invest approximately €3.2 million in a line for making cables for the automotive industry. The company was chosen as a resident of the Free Enterprise Zone “Expo-Business-Chisinau” as a result of a public contest. Under the plan, the production process will start in the third quarter of this year, IPN reports.

According to the press office of the Ministry of Economy, towards the end of the first year of work the company will create about 700 new jobs and will then increase the figure to 900. To ensure the appropriate quality of production, Fujikura Automotive MLD plans to implement a program to train the personnel within an internal cycle and at the Fujukura Automotive subsidiaries abroad. The whole production is intended for clients from the EU.

Founded in 1885, Fujikura, which is based in Tokyo, has subsidiaries in a number of countries. The sales of the Fujikura concern in 2015 came to US$6.326 billion, while the number of employees totaled about 54,000.