BUCHAREST, Romania, April 7 (SeeNews) – The Romanian unit of German auto components provider Continental introduced on Wednesday that it’s buying a brand new constructing within the Freidorf industrial park in Timisoara in an effort to broaden its manufacturing capability.
The constructing features a manufacturing corridor and places of work, Continental stated in a press launch, with out disclosing the quantity of the funding.
The acquisition will assist Continental broaden its inside provide chain and infrastructure, optimize and harmonize inside processes associated to storage, native manufacturing and intralogistics, and permit the corporate to start manufacturing articles for industries apart from the automotive business.
“Within the final 10 years of operation, Continental has invested over 50 million euros in our air con and transmission belt factories, and created numerous jobs,” stated Irina Szekeres, Managing Director by ContiTech Timisoara.
In Timisoara, the corporate has two manufacturing items that produce aluminum ducts for air con programs and transmission belts. Continental manufactures roughly 9 million ducts for air conditioners in vehicles, industrial and business automobiles, and 17 million belts yearly, which it sells in Europe, Asia and America.
($ = 0.8466 euro)