The new plant will mainly focus on the company’s new line of automotive fabric and leather concepts. The Iasi-based plant is Lear’s fourth unit in Romania. The company owns another two units for automotive electrical systems in Pitesti and Campulung.

With headquarters located in Southfield, Michigan, Lear Corporation has 113,000 employees in 36 countries around the globe. Lear is traded on the New York Stock Exchange under the symbol . The company has recorded sales of 12 billion dollars in the first 9 months of 2013, up 11 per cent and a profit worth 631.2 million dollars. (source: nineoclock.ro)