Hochtief Solutions, the domestic constructions firm of Germany'sHochtief group, is set to build the Balş plant of InternationalAutomotive Components Group (IAC) US company, one of Ford's mainparts suppliers, with the value of the contract standing at 11.2meuros.
The Germans will also raise an administrative building in Balş.Construction works started in February and will be completed nextJanuary, representing part of the 58m-euro investment IAC announcedin Balş.
Hochtief representatives account for the turnover increasesduring crisis years by some higher value contracts, for which theywill receive the money in tranches, along several years.
Besides the Balş project, the company is also carrying outrehabilitation and expansion works for four cleaning stations inSlobozia, Giurgiu county, in Slatina, Mediaş and Călăraşi, each ofthe projects with values of between 12 and 16m euros.
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