The Italian company La Triveneta Cavi Development opened an electric cables factory in the industrial park Straseni, which is a subzone of the Balti Free Economic Zone. Now the enterprise employs 49 people, but the number of workplaces will be extended to 200 in the near future, IPN reports.
According to the Government’s press service, the factory will make low- and medium-voltage cables for telecommunications, signal and control cables and elements for gardening and domestic appliances that will be exported globally.
Director of the Italian factory Fabio Fracasso said this is the first implementation stage that will lead to new hirings, which means more work, more production, new export markets and growth in turnover as a result.
A sum of €24 million was invested in the construction and equipment of the factory in Moldova. Of this sum, €6.6 million was provided by the European Bank for Reconstruction and Development.
La Triveneta Cavi Development is one of the major players within the European market for low- and medium-voltage cables for various sectors such as industry, home use, power distribution and renewable technologies.
