Liting Universal invests EUR 17 million in Romania in a production plant
On May 16th, Paula Pîrvănescu, Secretary of State at InvestRomania, attended the Grand Opening Ceremony of the Chinese Liting Universal Group new investment in Romania.
The Chinese group operates in Romania through its subsidiary Glorious Lighting, set up in March 2017.
The Chinese project implemented in Braila amounts EUR 17 million and has already generated 110 new jobs. Over the next 5 years, the Group plans to invest another EUR 15 million and create up to 800 new jobs.
The new production plant, located on the former Armonia Shopping Center in Braila, will manufacture electrical products for housing, mainly based on LED technology for the Romanian market and the rest of Europe. Further more, once the investment is implemented, Braila will become the European Centre for production and the group’s operation Hub for other European regions.
In 2017 Liting Universal received a EUR 1,3 million in state aid for the Braila facility.
”In 2016, InvestRomania was firstly contacted by the Chinese Group as it was assessing existing opportunities within the region for expanding its operations in Europe. Following a series of visits in Romania and other European countries, we have become the chosen destination for the very project. InvestRomania assisted the investment during all stages of the decisional process, setting up visits throughout the country and meetings with all relevant local players.
In my opinion, The Group’s decision to take upon Romania represents a positive signal for the international business community and solid proof that Romania can insure best premises for development and growth and we are indeed a reliable partner for achieving competitive profit margins.” Paula Pîrvănescu, Secretary of State InvestRomania