Automotive parts maker Dräxlmaier Group has expanded its production capacity in Moldova with the addition of a third plant located in the south west of the country.
The German family-owned company, which already runs two plants producing electrical components and wiring at the northern Moldova city of Bălţi, formally launched the new €30m operation in the Cahul Free Economic Zone.
Dräxlmaier reconstructed an existing building on the site in Cahul to establish a plant of more than 17,000m2 which began operating late last year. With a full workforce of 1,500, the new facility will take the firm’s total employment in Moldova to 5,000.
Vilsbiburg, Germany-based Dräxlmaier is expecting further growth in this eastern European state where it also operates a product development centre in the capital Chisinau.
“The number of employees will increase in coming years, which will allow us to carry out other projects,” confirmed Kai Mussman, Dräxlmaier’s operations chief for Eastern Europe.
It was back in 2007 that the 60-year-old group first invested in wiring harness production in Moldova with its first unit in the country’s second ranked city Bălţi. A second plant started up nearby in 2011 and its expansion was completed in the summer of 2017, while Dräxlmaier started its development centre in the capital in December of that year.
Its product portfolio spans vehicle interior parts for areas such as ambient lighting, centre consoles, door panels and dashboards, as well as complete door and cockpit modules.
Dräxlmaier Group, which was founded in 1958, last year generated turnover worth €4.6 billion. It currently employs more than 60 factories in 20 countries, including Romania, Serbia and North Macedonia.
Its automotive customers include Audi, BMW, Jaguar Land Rover, Mercedes, Porsche, VW and Maserati, as well as innovative US car manufacturers in California.