Product category:
Electrical and Electronic Subassemblies
News Release from: GDS - Global Display Solutions
Edited by the Engineeringtalk Editorial
Team on 01 April 2005
Romanian factory project to boost
competitiveness
Global Display Solutions (GDS) has united with the Italian government to invest over one million Euros in to its recently opened facility in Arad (Romania) - GDS Manufacturing Services SA.
Global Display Solutions (GDS) has united with the Italian government to invest over one million Euros in to its recently opened facility in Arad (Romania) - GDS Manufacturing Services SA It is part of the Italian government's new initiative to support companies, such as GDS, that are expanding in to eastern European countries
This article was originally published on Engineeringtalk on 14 Jun 2005 at 8.00am (UK)
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Government-owned Finest SpA is contributing 25 per cent of the total investment to the venture, alongside GDS's financial contribution.
The main aim of the investment is to expand the Romanian site enabling GDS to migrate its production of industrial displays, which is currently carried out in Italy, to the new facility.
As Arad is designated a low cost region (LCR), it will allow GDS to reduce its overheads and the overall manufacturing costs of its displays, developing what it believes will be a cost-effective and competitive operation that will benefit its customers in the long-term.
Further reading
TFT and CRT displays on show
Global Display Solutions will exhibit its latest TFT and CRT displays at EID, which takes place at the UK NEC in Birmingham, 12th-13th February 2003.
Displays have a natural flat look
The Natural Flat range is the latest addition to the line of Passenger Information Displays (PIDs) for air and rail terminals from GDS.
GDS established the facility in Arad because of the economic benefits on offer and its proximity to Italy.
Arad Free Trade Enterprise Zone is one of six free trading zones established by the Romanian government and offers GDS believes it offers opportunities to continue to grow its global business, with incentives such as tax and customs exemptions.
The Italian government is encouraging investment in countries such as Romania in a bid to help develop its industry to become as effective as more established LCRs like China.
In turn, the Italian authorities believe it will benefit European based companies as Romania is much more accessible than Far East destinations such as China.
The investment will provide the infrastructure to provide a 1,200 square metres production facility in the existing converted factory, alongside 250 square metres of offices in an adjacent building.
The Romanian site has been successful since it became operational in September 2004, and it is currently used specifically for the production of sub-assemblies (electronic boards), said Global Display.
The existing Romanian site comprises three assembly lines - a surface mount technology line, a pin in hole line and an automated line for manual assembly with a wave solder.
However, following the investment, the factory will also be equipped with an automatic PTH Department, a test centre and a warehouse.
By the end of 2005, GDS Manufacturing Services SA plans to employ 60 people at the site.
Luca Bisognin, the sales and marketing manager at GDS, commented: "By investing in this site we will continue manufacturing high quality goods whilst driving down costs for the benefit of our customers.
GDS has continuous expansion plans that are mainly driven by the need to locally support our global accounts and reduce costs by using LCRs.".
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