EMCC European Monitoring Centre on Change

Zumtobel

Company/Organisation:
Zumtobel

Geographic Location

Country: Romania
Region: Arad; Vest
Location of affected unit(s): Arad and Curtici (Vest region, Arad county)

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.4 - Manufacture of electric lighting equipment

Employment Effects

Announcement Date: 06-09-2005
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2009
Planned Job Creation: 100

Additional Information

The Austrian group Zumtobel intends to set up a factory manufacturing lighting equipment and electric lamps in the Curtici–Arad Free Zone (Vest region, Arad County). ‘The project will be carried out in several stages, with €5 million initially invested in building the factory. Zumtobel will secure a concession of 4.5 hectares for the project. The factory will be finalised by the end of 2006 but investments will continue over the following two-three years so that the total value of the project will exceed €20 million, the free zone representative specified. In addition to lighting equipment, the factory will also manufacture other electrical systems. The project will create about 100 jobs and the products will be sold mainly in Western Europe as well as locally. The Austrian Group Zumtobel has production units in almost 100 countries across Europe, North America, Australia and Asia and is one of the few global players on the lighting equipment market.