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Investment Success - STM at work

Another Steinbeis Success Story:

German automotive supplier invests in Romania

With a planned investment of more than 60 million euros, the company is sending a clear signal for growth and trust in Romania. We provided comprehensive support for the strategic expansion into Romania. Our holistic consulting approach included not only the careful selection of the location, but also support with the founding of the company and the negotiations to acquire the land. Our expertise was particularly useful when it came to removing serious administrative obstacles and paving the way for a smooth investment. The success of our work is reflected in the fact that the company we advised is now the first industrial company to move into the Siret Industrial Park.

The choice of location was the result of a comprehensive analysis in which we compared Bulgaria, Moldova and Romania. In doing so, we always focussed on the individual requirements of our customer. The small town of Siret, located in north-east Romania, ultimately won us over with its attractive industrial park, an innovative science and technology park and good training opportunities in the region.

Our customer, a specialist in high-precision turned and milled parts as well as complex assemblies, will expand its production capacities with this investment and at the same time contribute to the economic development of the region. The new subsidiary will utilise state-of-the-art technologies to develop and produce innovative solutions for the European automotive industry in Romania.

At STZ, we understand that every investment project is unique. Our customised advice takes into account not only economic factors, but also cultural and regional characteristics. We are proud to have accompanied our customers from the initial idea to the successful location decision. And the work continues. The application for funding is underway.

Juergen Raizner: We took a holistic approach. Our aim was not only found the optimal location, but also to overcome all administrative hurdles. Over the next three years, a good 600 new jobs will be created and state-of-the-art production technologies will be established in Romania.