# BauTex to invest €16M in glass fiber fabric plant in Bălți, Moldova

German company BauTex is investing over €16 million in a new production facility for technical fabrics and glass fiber products in the Bălți Free Economic Zone, Moldova. The plant is set to launch in September 2022, aiming for annual sales over €50 million and creating about 300 jobs.

- Type: New facility
- Announced: 2022-08-20
- Where: Bălți Free Economic Zone, Bălți, Moldova
- Value: $16.5M (16.0M EUR)
- Jobs: 300
- Starts operating: Sep 2022
- Status: under construction
- Products: technical fabrics, glass fiber products
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [BauTex](https://endata.com/companies/64829.md)

## Sources

- [zelb.md](https://zelb.md/en/2022/08/20/compania-germana-bautex-investeste-peste-16-milioane-de-euro-in-productia-de-tesaturi-si-produse-din-fibra-de-sticla/), 2022-08-20: "Compania germană BauTex investește peste 16 milioane de euro în producția de țesături și produse din fibră de sticlă."

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