Large-scale U.S. investment in Curtici Free Trade Zone
The U.S. Key Safety Systems company (KSS), world supplier of high-tech security systems (inflators, airbags, steering wheels, safety belts for the car market) has opted for the Curtici Free Trade Zone in the county of Arad (western Romania) for a new investment, the fourth in Romania after the building of the plants back in 1999 and 2005 and the operational support center in 2008.
The Arad investment is the largest KSS plant in Romania, with the production due to start end-2010. The production hall covering 12,000 square meters was built according to the international standards and was the fourth property of the company in Romania.
Chairman of the Arad County Council Nicolae Iotcu has already had a meeting with KSS Arad general manager Dorel Enache, during which they tackled many aspects relating to the new investment.
The new plant will count 450 employees by the end of 2011, which means jobs will be secured for a large number of people, Nicolae Iotcu said. ‘Arad Municipality has developed into one of the most important economic centers in the region due to its geographical position, the first major city at the entrance to Romania from Central Europe and at the crossroads of some commercial roads of maximum importance, the ethnic diversity and high competencies of the inhabitants, acquired at prestigious educational institutions, with both the two universities Vasile Goldis and Aurel Vlaicu and the high-schools in the area securing a large number of future employees,’ Dorel Enache said.
The U.S. KSS company headquartered in Sterling Heights in the State of Michigan, USA, reported 850 million dollars in last year’s turnover. It counts 36 investments in 12 countries and over 4,000 employees, being one of the world suppliers of high-tech safety systems. The company has more than 150 clients, among which there are most large carmakers, to which it supplies parts for over 300 types of vehicles belonging to more than 60 different brands.