The Free Economic Zone “Balti” will include 8 more hectares of land located in Orhei district, IPN reports, quoting a supplement to the Law on the Free Economic Zone “Balti” approved by the Government.
The zone will be extended at the request of the foreign investor Sumitomo Electric Bordnetze GmbH (SEBN), which intends to invest about €20 million in the construction of an electric wire harnesses factory on this land in the near future. The factory will be 25,000 square meters in area and will has 3,200 employees.
The investor forms part of a group that has subsidiaries in 33 countries and employs more than 180,000 individuals. In 2013-2014, Sumitomo Electric Bordnetze GmbH earned revenues of €1 billion.
