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.
9703 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
Volvo Cars signs recycled steel supply pact with SSAB
Autocar Professional Bureau
13 Jun 2025
The recycled steel will be used in selected components of the forthcoming, fully electric EX60 SUV, as well as other car...
Schaeffler and NVIDIA ink technology collaboration to advance digital manufacturing
Autocar Professional Bureau
13 Jun 2025
Using NVIDIA Omniverse, Schaeffler is expanding its production elements, which will be integrated and simulated as digit...
BMW Group to industrialise Virtual Factory, slash production planning costs
Autocar Professional Bureau
12 Jun 2025
What once required several weeks of real-world modifications and testing can now be precisely simulated in the BMW Group...
