BUCHAREST (Romania), August 25 (SeeNews) – Iveco Defence Vehicles, a subsidiary of CNH Industrial N.V., has started works on a 50 million euro ($59.1 million) truck assembly factory in the Romanian town of Petresti, in Dambovita county, the Romanian government said on Tuesday.
The 9,000 sq m factory will have a production capacity of about 440 trucks per year, the government said in a press release.
“This is an investment worth approximately 50 million euro, that will create, in the first phase, 200 direct jobs and numerous other indirect jobs through all contracts with domestic suppliers,” prime minister Ludovic Orban was quoted as saying in the statement.
In January, Iveco Defence Vehicles said that it will supply Romania’s armed forces with 942 trucks – the first batch under a framework agreement for the delivery of more than 2,900 high mobility trucks.
The 942 vehicles will be delivered for a period of four years, starting in 2020. The frame contract includes four types of military logistic platforms from Iveco Defence Vehicles’ high mobility truck range: 4×4, 6×6, 8×8 and 8×8 Prime Mover in 16 variants, of which about a third have an armoured cabin, Iveco said at the time.
CNH Industrial N.V. is a company active in the capital goods sector which implements design, manufacturing, distribution, commercial and financial activities in international markets, according to information posted on the corporate website. It employs more than 64,000 people in 66 manufacturing plants and 54 research and development centers in 180 countries.
($= 0.8455 euro)
