Japanese corporation to open a factory in Moldova
The representative of the Japanese transnational corporation, Sumitomo Electric Wiring Systems, conducted at the end of last week, a visit for researching investment opportunities in several industrial sites in Chisinau, Balti, Straseni and Soroca.
According to a press release of the Ministry of Economy, this is the final stage for readying the investment decision. The report will be presented to the board of directors of the corporation in the near future.
SEWS company with its European headquarters in Newcastle under Lyme, UK, specializes in producing electrical systems for cars and activates in Europe for over 22 years. The company's portfolio includes cooperation with major car manufacturers such as Honda, Toyota, Nissan, Peugeot, Renault and others.
Last week, another Japanese corporation announced that it will open a factory in Moldova, which will produce electromagnetic transformers for appliances. The investment project worth 2 million will be launched in Balti.