“One of the major factors which impacted favorably on the development of the business was an increased volume in sales of cars by our clients for which we provide electric cabling,” Ionut added.

He also said that internal economic stability and the depreciation of the leu are favorable to the industry.

“Romania was unable to maintain the 2007 exchange rates in the short-run without generating major long-term imbalances. The Romanian industry is not prepared to handle a strong leu against a backdrop of a major imbalance between supply and demand, major pressures due to increases in salaries, and relatively modest increases in terms of productivity,” Ionut said.

The SEWS representative indicated that he could expand the company’s local market collaboration with Renault Nissan and Ford.

Sumitomo Electric Wiring System Europe operates three working units in Romania, in Deva, Orastie and Alba Iulia. The company has invested over €60 million in these factories since 2000.