Varroc plans JV with Elba for new electronics plant in Romania
Varroc Group looks to capitalise on growing electronics content for automotive lighting products and to supplement Varroc Lighting's growth in Europe.
9610 Views
The Varroc Group's wholly owned subsidiary Varroc Holding of the Netherlands has signed a joint venture agreement of Elba, a privately owned lighting and electronics company in Romania.
Given the constantly increasing electronics content in automotive lighting products, the JV will will focus on electronics manufacturing, and will significantly support Varroc Lighting’s successful growth in Europe.
The JV will be located in Timisoara, Romania. As per the terms of the JV agreement, Varroc and Elba will contribute 70 percent and 30 percent respectively towards the JV.
RELATED ARTICLES
Aisin to produce hybrid motor for Mitsubishi in Thailand
Autocar Professional Bureau
06 Apr 2025
The hybrid drive motor and gearbox, will be produced at Aisin Powertrain (Thailand) Co for use in the Mitsubishi XForce ...
GM reports strong Q1 sales in China, demand for EVs and hybrids surges 53%
Autocar Professional Bureau
06 Apr 2025
General Motors and its joint ventures in China have sold more than 442,000 units between January and March 2025.
Volkswagen to invest $580 million in Argentina, plots new pick-up truck for South America
Autocar Professional Bureau
06 Apr 2025
Volkswagen is paving the way for the next generation of mid-size pick-up truck as a successor to the Amarok. The new mod...
