Siemens expands in Romania

By bne IntelliNews August 9, 2016

German engineering company Siemens announced on August 9 it has expanded two of its Romanian plants, operated locally through Simea Sibiu. The two production facilities are located in the central city of Sibiu and in Buzias, western Romania.

The recently completed investments represent a new stage in the successive development of the company's Romanian production facilities. Siemens owns four plants in Romania, with the first being opened in the country 14 years ago.

“Romania represents a centre of interest for the companies operating in the production sector on the background of a highly qualified workforce and competitive costs, and also thanks to its proximity to western markets,” Siemens CEO George Costache said.

The Sibiu factory, opened in 2004, was relocated to a new building. At the same time, production was expanded so that it now includes a electrostatic paint shop for equipment already produced in the factory.  

The Buzias factory was expanded at the beginning of August when a third hall, with an area of 1,200 square metres, was inaugurated at the production unit. The Buzias plant in Siemens’s first in Romania and produces parts and cooling systems for engines.

Siemens employed 1,780 people in Romania at the end of September. Apart from the four plants, it also owns four research and development centres in the country.

Related Articles

Romania to restart Hidroelectrica IPO, envisages selling smaller stake

The Romanian government is interested in accelerating the initial public offering (IPO) of a stake in hydropower company Hidroelectrica, Minister of Economy Toma Petcu said on September 23, quoted by ... more

Romania appoints new economy, defence ministers

Romania's economy minister Mihai Fifor has been moved to head the defence ministry, after former minister Adrian Tutuianu resigned last week. Fifor was replaced by Gheorghe Simon, who took over the ... more

IIB to issue bonds to support activities in Romania

The Moscow-based International Investment Bank (IIB) will issue bonds to expand its existing loan portfolio and finance activities in Romania, the bank announced on September 4. The IIB has ... more

Dismiss