Japanese electronic components manufacturer Tamura Corporation will invest an initial 6 million euro to build an electronic components plant in Romania’s southeastern town of Fetesti, the local authorities said, according to See News.
The company plans to invest an additional 15 million euro at a later stage, the Fetesti town hall said in a social media post on Monday.
Scheduled to begin production in November 2024, the plant will create 300 jobs and manufacture chargers for power tools in response to growing demand from the European market.
Tamura Corporation’s local subsidiary has requested state aid for its initial investment and is awaiting financing approval from Romania’s finance ministry.
Its products have applications in various industries and social infrastructures, including automobiles, electronic equipment, manufacturing equipment, renewable energy and aerospace. The company is listed on the Tokyo stock exchange.