German company opened production unit in Moldova

14:44 | 04.09.2020 Category: Economic

Chisinau, 4 September /MOLDPRES/- The German company Magnetec Components Ltd, part of the German concern Magnetec-Gesellschaft für Magnettechnologie mbH, launched today work in the Free Economic Zone (ZEL) Balti.

The German company’s investment amounts to about 5 million dollars, over 70 jobs are open.

Attending the event, Minister of Economy and Infrastructure Sergiu Railean said that Moldova has an investment potential that must be used and developed, despite all challenges.

Magnetec-Gesellschaft für Magnettechnologie mbH is a world-renowned company specializing in the production of inductive coils for the machine building, renewable energy, electrical engineering and automotive industry. Its customers include companies, such as: Siemens, Aptiv, Bosch, including customers in the automotive industry such as Tesla, Volkswagen, Daimler and Ford.

Any material published on the website of the Public Institution ’’A.I.S. Moldpres’’ (Moldpres News Agency) is intellectual peoperty of the Agency, protected by the copyright. The taking over or/and use of these materials will be made only with the Agency’s agreement and with compulsory reference to source.