According to data published in the Official Gazette, car parts producer, Johnson Controls Romania, derived gross income worth 4.7 million euros (17.3 million RON), last year, after having posted losses standing at 0.3 million euros in 2004.
The company's turnover last year increased by more than 150%, to 82.5 million euros (around 300 million RON). The representatives of Johnson Controls Romania could not be contacted for comments.
In 2004, Johnson Controls started a 16.5 million euro investment in a plant manufacturing car upholstery in Romania. The production facility is located in Ploiesti industrial park and will be finalised in 2008, according to the information released by ARIS (Romanian Agency for Foreign Investments).
The development will take up an area of 2.7 hectares and will have a significant social impact by creating more than 1,000 jobs. A part of the production space was opened as early as the end of 2004.
Over the past three years the company has acquired around 850 square metres of office space and 2,500 square metres of storage space in Dibo industrial park, located in Negoiesti, Prahova county.
Another foreign automotive components manufacturer currently carrying out an investment project in Ploiesti industrial park is Yazaki. The Japanese company estimates investment will be around 20 million euros.
Johnson Controls Romania is part of Johnson Controls Europe, a branch of the US group, Johnson Controls. The domestic branch manufactures car upholstery to export to European countries such as France, Germany, the Czech Republic, Slovenia.
The Romanian arm was set up in 2002. Some of the world's biggest car parts producers are present in Romania and include Germany's Draxlmaier, Continental AP, Takata Petri, as well as Japan's Sews and the US owned Delphi Packard. French group Michelin owns three plants in
