Sogefi Group plans to invest in a new Balkan manufacturing facility

NewsSouth-East European INDUSTRIAL Мarket - issue 1/2019 • 20.03.2019

Sogefi Group plans to invest in a new Balkan manufacturing facility
Sogefi Group plans to invest in a new Balkan manufacturing facility

Sogefi Group is building a second manufacturing plant in Romania, the country’s Investment Agency announced. The Greenfield project worth EUR 50 million is planned to be implemented in the next 8 years. The facility will manufacture suspension components.

“After a series of visits and negotiations, we are now seeing the outcome of the assessment trips that Sogefi made in Romania, over the past year. The investment will amount EUR 50 million, will create 250 new jobs and will trigger enhanced competition and further development of the local economy”, the State Secretary Paula Pirvanescu said.

“We selected Romania given the availability of a well-qualified talent pool, a competitive local business environment and the country’s strategic position enabling an easy access to our western customers. The support of the current government and InvestRomania was an important trigger in making our decision in favor of Romania”, Pasquale Colicchia, representative of Sogefi, disclosed.

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