Magnetec opens $5 million manufacturing plant in Balti, Moldova

German industrial concern Magnetec has opened a manufacturing plant in Moldova's Balti Free Economic Zone following a $5 million investment. The plant will employ 70 and is operated through local subsidiary Magnetec Components SRL.

“German industrial concern Magnetec has opened a manufacturing plant in Moldova's Balti Free Economic Zone (FEZ) following a $5 million (4.2 million euro) investment.”scceu.org

• 1 source
• scceu.orgGermany's Magnetec opens $5 mln factory in Moldova's Balti - Supply Chain Council of European Union | Scceu.orgSep 7, 2020

Summarized from public sources; check the original articles before acting on it.