Type
Business expansion
Country
Romania
Region
Nord-Vest; Bihor;
Location of affected unit(s)
Oradea
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.32 - Manufacture of other parts and accessories for motor vehicles

260 jobs
Number of planned job creations
Job creation
Announcement Date
17 October 2019
Employment effect (start)
18 October 2019
Foreseen end date
31 December 2020

Description

Car components manufacturing company Valtryp inaugurated its plant in Oradea (Bihor County) in October 2019. The company declared that the business expansion has already created 140 job positions and it is expected to create 260-460 additional ones by the end of 2020. The plant is responsible for the production of accessories and other automotive parts as steering wheels and leather and wood gear changers.

The new planthas been built with European funds. Operational since 1995, the company currently has 100% Romanian capital.


Sources

Citation

Eurofound (2019), Valtryp, Business expansion in Romania, factsheet number 99683, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99683.