# Dräxlmaier to invest EUR 200M in Timisoara factory expansion

Dräxlmaier announced a EUR 200 million investment to triple production area at its Timisoara factory, adding over 40,000 sqm of production, warehouse and office space for electronic and high-voltage components. The project will create more than 1,000 jobs over the next six years.

- Type: Expansion
- Announced: 2021-06-16
- Where: Timisoara, Romania
- Value: $242.0M (200.0M EUR)
- Jobs: 1,000
- Status: announced
- Products: electronic components, high-voltage components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DRÄXLMAIER Group](https://endata.com/companies/35873.md)

## Sources

- [archive.cij.world](https://archive.cij.world/draexlmaier-invests-eur-200-million-in-timisoara-factory/), 2021-06-16: "The value of the investment in buildings and production equipment amounts to over EUR 200 million and will be implemented in the next six years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.