Lear Corporation Can Open Second Factory in Moldova
OREANDA-NEWS. May 30, 2011. About this vice-director of the European representative of the office Oscar Domnikez said during the visit to Minister Economy Valeriu Lazar at the factory for the production of covers for cars in Ungheni.
The representative of the Lear Corporation announced the problems faced by enterprises, particularly in the area of customs administration, difficulties in obtaining visas and permits for foreign citizens in Moldova. At the same time, Domnikez requested information about the state of infrastructure, demographic situation in the country in order to explore the possibility of opening another business in Moldova, a transnational company.
Valeriu Lazar said that next week he would convene a working group at the meeting on the elimination of tariff and nontariff barriers to trade, which will focus on the administration of customs regimes applied in the EPZs."Moldova is committed to the WTO, and then for the EU to eliminate tariff and nontariff barriers to trade. Moldova is located in the center of attention of many multinational companies and is a competitor for many countries in the region, where investors are going to redirect production from the West. Therefore, the Ministry of Economy will facilitate the implementation of regulatory reform that will allow investors to feel comfortable in Moldova ", - said Valeriu Lazar.
Lear Corporation factory in Moldova was established in January 2010 in the territory of FEZ "Ungheni-Business", where the corporation has moved production from Poland and Hungary. The factory manufactures covers for car seats from textiles, vinyl and leather. In the I quarter of 2010 it produced more than 547 thousand unitsof upholstery for a total of about 99 million lei. The company employs 1,240 people.
In 2010, Lear Corp. transferred to the state budget more than 13 million lei. American Corporation Lear Corp. was created 94 years ago, since 1994 it has been included in the exchange listing. The company enterprises are located in 35 countries worldwide, they employ about 80 thousand employees. Clients of the Corporation are Ford, Opel, jaguar, Volvo, Mazda, Fiat, Volkswagen, Peugeot, Citroen and other company's annual turnover exceeds USD 13 billion.
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