Wielpütz Automotive from Germany has dropped plans to build the EUR 10 million factory in Craiova, Romania, as it had announced early this year. The German group was supposed to hire 500 people and part of them had already been working in Germany for several months, but they have just been sent home, Digi Craiova reported on Friday.
The Germans had signed a lease of 3 hectares of land in the High-Tech Industry Park, a business platform owned by the County Council, to build a car parts factory, with the investment planned to mount to EUR 10 million. The plant was supposed to start production on September this year.
In May, the land take over ceremony marking the opening of the building yard has been also attended by the former Labour minister back then, Lia Olguta Vasilescu.
However, the above mentioned source reported that two days ago, the Germans announced they had been close to insolvency and they would not come to Craiova anymore.
Wielpütz Automotive, with a history of 100 years, was supplying car parts for heavy car makers such as Daimler, Volkswagen, BMW, General Motors or Ford.