EMCC European Monitoring Centre on Change

Renault

Company/Organisation:
Renault

Geographic Location

Country: Romania
Region: Dambovita; Sud
Location of affected unit(s): Titu- Boteni area, County Dâmboviţa, South Region

Company

Sector: Manufacturing
Manufacture of transport equipment
29 - Manufacture of motor vehicles, trailers and semi-trailers
Group: Renault

Employment Effects

Announcement Date: 04-09-2006
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2008
Planned Job Creation: 2300

Additional Information

On 4 September 2006, the French group Renault announced the intention to start the construction of a design and development centre for new car models at Găeşti (County Dâmboviţa, South Region) in September. At the end of October 2006, the spokesman of Dambovita County Council announced that the new 258 hectares site of Renault would be located at Titu-Boteni (Dambovita County, South Region). The company will invest EUR 125 million in the new project and create some 2,300 jobs. The estimated turnover of Renault group in Romania for 2006 is about EUR 900 million.