Germany’s Nexans autoelectric plans for a factory in Targu Jiu failed

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Germany-based Nexans autoelectric will not build anymore a cabling systems plant in Targu Jiu as planned, agerpres.ro informs.

According to Aurel Popescu deputy-mayor, the mayoralty management were to meet next week with a representative of Elektrokontakt, the Germany-based Nexans autoelectric subsidiary in Romania, to sign the handover minute of the area where it was to be built the factory, as the local officials announced in this April.

But the Germans said that the investment was stopped for financial reasons.

However, the company announced that will pay the fee for the period they kept busy the land, amounting RON 100,000.

The factory was to create around 2,000 jobs and the construction of the plant was to begin in September, and the opening, at the end of the year.

German concern is present in Romania since 2001 and has different units of copper processing and production in Arad.

Nexans autoelectric GmbH develops and produces cabling systems and electromechanical components for automotive and system manufacturers worldwide. It offers vehicle electrical systems, components for comfort and safety, system parts, mounting parts, and micro-switch applications.

The company was formerly known as Alcatel autoelectric GmbH and changed its name to Nexans autoelectric GmbH in 2000. Nexans autoelectric GmbH was founded in 1966 and is based in Floss, Germany with locations in Germany, Ukraine, Czech Republic, Romania, Mexico, Slovakia, Tunisia, U.S.A. and China.

 

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