The Japanese company Metal Products, which is specialized in producing structural steel components, has plans to invest in making agricultural machinery in Moldova. The plans were announced by Metal Products Europe director general Susumu Watanabe in a meeting with Deputy Minister of Economy and Infrastructure Vitalie Iurcu, IPN reports.

According to the Ministry of Economy and Infrastructure, Vitalie Iurcu said that agriculture is an important sector of the national economy and the authorities are interested in offering opportunities to all the potential investors. In this regard, there were created seven Free Economic Zones that provide tax concessions and advantages to residents and investors.

The deputy minister also said that the relations between Moldova and Japan continue to develop. An electrical cables factory of the Japanese company Sumitomo was recently opened in Straseni with investments of US$5 million and by creating 3,000 jobs. Also, Fujikura, which already created over 1,000 jobs, intends to open the second factory in southern Moldova and to create another 1,000 jobs.

For his part, Susumu Watanabe, director general of Metal Products Europe, which is a branch of Metal Products, said the company started work in Moldova this year. It cooperates with two Moldovan specialists who were trained in Japan and intends to analyze the possibilities and advantages offered by Moldova for investing in a new project to make planting vehicles based on a modern no-till technology.

Vitalie Iurcu noted that the Moldova side will provide all the assistance needed in opening the factory.