Feature Article Central & Eastern Europe Today 2
JBIC has supported numerous businesses in their operations in Central and Eastern Europe. This particular case involves Yazaki Corporation’s manufacture of wire harnesses (assembled wires for automotive), which, as IMAI points out, “requires labor that is high in quality and low in cost because much of the process involves meticulous work such as making subtle adjustments by hand, therefore, making the process difficult to mechanize.”
Demand for wire harnesses is growing due to the rise of autonomous driving and electric vehicles. Ever since Yazaki Corporation established its wire harness operations base in Romania in 2003, it has been expanding its production centers. In May 2022, JBIC concluded loan agreements totaling EUR 27 million with Yazaki Corporation’s European subsidiary to support the company’s business expansion.
Top: An artist’s rendition of a wire harness (assembled wires for automotive) / Bottom: Factory in Romania Courtesy of Yazaki Corporation
