BUCHAREST – Robert Bosch, the world's biggest car-parts supplier, is considering investing about 77 million euros ($101 million) in a new factory in Romania, the government said in an e-mailed statement.
The Romanian government plans to grant state aid to Bosch to help finance the investment in the factory, located near the city of Cluj-Napoca in the center of the country, according to the statement, issued on Thursday.
"The government is open to support all investments that create jobs," Prime Minister Emil Boc said in the statement, after meeting Bosch representatives on Thursday.
In answer to an inquiry from Automotive News Europe on Friday, a Bosch spokeswoman declined to give specific details on the project, saying the company was in "advanced" talks with the authorities on the possibility of building a manufacturing site in the area, but added that "the talks and analysis are not finalized."
Bosch ranks No.1 on the Automotive News Europe list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $34.6 billion in 2010.
Sources: Bloomberg; David Jolley