VCST Automotive Production has officially inaugurate its EUR 30 million factory in Alba Iulia, Alba county, on July 8. the factory, which currently has 77 employees, will hire up to 200 people by 2014. VCST produces gears for Paccar/DAF, Perkins/Caterpillar, Ford, GM/TKP and VW in its Romanian factory, for which the investment decision was made in 2011. The Belgian company VCST was founded in 1972, as part of the Volvo group. It currently runs factories in Belgium, Germany, Mexico and China, and has 1,100 employees, and a sales level of EUR 145 million in 2012. The president of the Belgian Romanian Real Estate Chamber , ir. Freddy M.E. Jacobs worked with VCST in order to facilitate this project in Alba Iulia fro; the start of this project.