EMCC European Monitoring Centre on Change

Kromberg and Schubert

Company/Organisation:
Kromberg and Schubert

Geographic Location

Country: Romania
Region: Sibiu; Centru
Location of affected unit(s): Mediaş (Centru region, Sibiu county)

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles

Employment Effects

Announcement Date: 16-09-2005
Type of Restructuring: Business expansion
Employment Effect Start: 01-03-2006
Foreseen End Date: 01-03-2006
Planned Job Creation: 1000

Additional Information

In September 2005, the German group Kromberg&Schubert will start building a factory in Mediaş (Centru region, Sibiu county). Construction works are expected to be finalised by March 2006. In the initial stage investments will total €10 million. The factory will manufacture special cables, network cables, cables for automotive engine compartments and plastic components. The factory will start off with 1,000 employees; the company hopes to achieve a total workforce of more than 2,000 people in the future. Kromberg&Schubert is a global supplier to the automotive components industry and has over 13,000 employees worldwide. In Romania, the group became operational in 1999, setting up a factory in Timişoara (Vest region, Timis county) which currently employs 2,600 people.