Thursday, 18 April 2024

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Major Asian EMS Maker Etron Technology Leases 3,600 sqm for Production Facility at CTPark Oradea Cargo Terminal By

Natural Gas Inventory +95 bcf vs +88 bcf Expected By

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CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 3,600 sqm of production space at CTPark Oradea Cargo Terminal, Romania’s pioneering industrial park featuring an air cargo terminal, to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology. Etron Technology decided to expand their worldwide presence (China, Vietnam, Mexico, Singapore) by setting up a high-tech production plant in Europe at CTPark Oradea Cargo Terminal.

Etron decided to establish the new facility in Romania to attract more business opportunities from EU customers, reflecting the growing demand from multinationals looking to ˜nearshore’ the production of their goods destined for European markets. Romania’s partial integration into the Schengen Area, along with its expanding air and sea transport networks, enhances its status as a production hub, supported by competitive advantages like skilled labour, digital innovation, and favorable tax rates, driving economic growth and investment.

Etron is an EMS supplier for PCBA (Printed Circuit Board Assembly), with customers focused mainly on fields like industrial control, medical, automotive, communications, new energy, and high-end consumer products, and will operate the Romanian plant mostly for a SMT & MI production line with testing & assembly. Given the complex operations, the new production hub will benefit from temperature and humidity control with an integrated BMS system ensuring all quality standards are met. Furthermore, the new factory is equipped with static electricity discharge, compressed air, N2 and other custom equipment that offers safety to its operators and also achieves the highest technical standards.

Andrei Brinzea, Business Development Director at CTP Romania, said: The CEE region’s reputation as a strong manufacturing base dates to the Habsburg Empire and now, Romania, the second largest market in CEE, stands out as a prime destination for manufacturing. With plenty of skilled workers, including one of highest shares of STEM (Science, Technology, Engineering, and Mathematics) students in Europe (29.3%), and ongoing investments in infrastructure like new highways, Romania offers great opportunities for businesses. As we extend a warm welcome to Etron Technology into our community, their arrival underscores the synergy between CTP and manufacturing businesses,…

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