MONDRAGON’s Cikautxo cooperative invested 8 million euros in new plant in Romania

Production is scheduled to start this May. The investment in the new plant amounts to 8 million euros.

Berriatua, Spain, 29-Feb-2016 — /EuropaWire/ — The Cikautxo cooperative is a member of the MONDRAGON Corporation, and has its headquarters in Berriatua (Bizkaia). It specialises in the design and manufacture of rubber and plastic parts for a range of different applications. Production is scheduled to start this coming May at its new plant in Romania, in which the cooperative has invested 8 million euros. The facility will manufacture fluid transfer products, and its main customers will be VW and Renault.

The plant is located on the outskirts of Cluj-Napoca, in the northwest of the country, and will employ 150 people. Together with the current facilities in the Czech Republic and Slovakia, it will cater for customer needs in Central-Eastern Europe.

More information: www.tulankide.com

SOURCE: MONDRAGON S. COOP.

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MONDRAGON's Cikautxo cooperative invested 8 million euros in new plant in Romania

MONDRAGON’s Cikautxo cooperative invested 8 million euros in new plant in Romania

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