Potential investment by Samsung in Dragasani-based plant

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South Korea’s Samsung is interested in investing in an electronic component plant in the city of Dragasani (northwest of Bucharest), deputy Vasile Bleotu on Thursday told.

“I had several rounds of talks with businesspeople from the Republic of Korea. I know they are interested in this vine growing city and the Ambassador of the Republic of Korea has several times visited the city of Dragasani I am convinced that as Romania emerges from the crisis, the city’s facilities will lure them into investing here. We expect a Samsung delegation to visit the industrial area in the near future,” said Dragasani college deputy Vasile Bleotu of the Social Democratic Party, who is also chair of the Group of Friendship with the Republic of Korea.

Dragasani mayor Cristian Nedelcu said that the city is open to any businessperson who would reinvigorate its industrial area. “In the past 20 years, the entire industrial platform of the city fell into decay, with unemployment and bankruptcies becoming a common occurrence that took its toll on the inhabitants’ living standard. I want to have this industrial park developing again, I am waiting for any good faith businessperson to invest here.

Us, the municipality, come up with plenty of facilities. It is to our best interest to revive the industry in the second urban center of Valcea County,” said the head of the Dragasani local government. The Dragasani municipality, with a 27,000-strong population, is famous as a vine growing area and until 1990, the local footwear industry had grown into a national brand for the rubber shoes.

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