Lear will open seating plant in Romania

DETROIT -- Lear Corp. plans to open a seating plant in Iasi, Romania by early 2014.

The plant will serve as a cut-and-sew factory that will supply automotive seat covers to every major European automotive manufacturer, said Lear spokesman Mel Stephens.

The operation will further establish Lear's presence in Romania, with existing electrical power management and distribution facilities in Pitesti and Campulung.

Stephens said Iasi is a prime location for its capable supply chain and low cost of labor.

He declined to comment on how much the company will invest in the Iasi plant, which will employ an estimated 1,500 workers.

Lear reported a third quarter net income of $113 million on revenue of $3.9 billion, compared to net income of $121.4 million on revenue of $3.5 billion in the same quarter last year. Its seating business unit accounted for nearly 75 percent of its quarterly revenue with $2.9 billion.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.