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.
Romania’s former prime minister Dacian Ciolos, who headed a cabinet of technocrats in 2015-2016, has announced plans to found a political party based on his Romania 100 civic platform. Ciolos plans ... more
The European Commission said that will refer Bulgaria and Romania, along with Luxembourg and Spain, to the Court of Justice of the EU as they have failed to notify ... more
Brico Depot Romania, owned by UK-based DIY and home improvement products retailer Kingfisher, has completed the acquisition of its peer Praktiker Romania, local media reported on December 4. The ... more