The company Fujikura Automotive MLD, a resident of a free entrepreneurship area in Chișinău, is to invest EUR3.2 million to set up a cable producing factory for the automotive sector.

It plans to start the production process as early as in the third quarter of 2016.

By the year-end the company intends to create about 700 new jobs and to up to 900 later.

Fujikura Automotive MLD will also train the employees in Moldova and abroad.

Its products will be exported to the European Union.