Dräxlmaier Automotive in 2018 will implement an investment project in Cahul subzone of the Free Economic Zone “Balti” to the value of €30 million. The fourth auto electrical cables factory of the company, which will be 20,000 square meters in area, will be built by the end of next June and will start to produce next July, IPN reports.
According to the Ministry of Economy and Infrastructure, the investment plan provides that 1,500 persons will be employed at the new factory by the end of 2018. Next year the German company will create another 2,000 jobs at its enterprises situated in the subzones of Balti municipality, raising the number of jobs to 6,500.
According to Marin Ciobanu, administrator of the Free Economic Zone “Balti”, in 2018, owing to the investment projects under implementation, another 5,500 jobs will be created in addition to the existing 4,700 jobs in FEZ “Balti”. The volume of new investments will increase by about €150 million to €260 million.
