Bosch close to sign land lease deal for new EUR 77mn plant in Romania.

By bne IntelliNews February 15, 2012
German diversified industrial company Bosch will sign this week a contract with Romania's Cluj county for leasing a land plot it needs to build a new EUR 77mn plant, daily Ziarul Financiar reported. The company might as well be given an option to buy the land. Bosch plans to build car parts production facilities and office buildings in the outskirts of Cluj-Napoca, in Romania's northwest. The construction works are expected to start in the second half of the year. The German investor will lease a 21.6-hectare land plot in the Tetarom industrial park for a standard public lease period of 49 years. The investment will create 300 jobs in a first stage and reach a maximum of 2,000 afterwards.

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