Italy's Faist Mekatronic, a supplier of parts for telecominfrastructure and automotive industry, is set to completeinvestments of around 24m euros in a plant located in EurobusinessOradea industrial park this summer, with the investments likely totriple the current production capacity of Italian group.
The company, the domestic subsidiary of Faist Italian group,entered the Romanian market in 2005, having as its core businessthe production of telecom infrastructure parts, being also one ofthe suppliers of Nokia Siemens Network and Ericsson Networkgiants.
According to the company's representatives, investments in thenew 15,500 square metre production facility are financed by Faistgroup and co-financed by one of Romania's banks. They did notdisclose the name of the funding bank, though.
At present, the company operates in a production facility withan area of around 8,000 square metres that it shares with FaistMetalworking.
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