Continental Romania plans to invest 200 mln euro in 2020, as much as in 2019

The Romanian unit of German automotive parts supplier Continental said in late May it has invested 200 million euro in 2019 and plans to invest a similar amount this year.Most investments last year were made in infrastructure, equipment, technology and training, Continental Romania said in a statement.
"The expansion of the office building in Iasi and new laboratories in Timisoara will be finalised. Also, we will continue to invest in state-of-the-art equipment," Continental Romania country head Christian von Albrichsfeld said.
The company will invest some 27 million euro in the expansion of its office building in Iasi.
Depending on the future projects and the development of the automotive industry, the company will continue to hire people this year, it added.
At the end of 2019, Continental employed over 20,000 in its engineering centres and production facilities in Romania working in international teams on the key trends of automotive industry, namely connectivity, autonomous driving and electromobility, by using methods such as artificial intelligence and big data, the company also said.
All five Continental divisions are represented in Romania. Continental has seven production units and four engineering centers in Timisoara, Sibiu, Carei, Nadab, Brasov and Iasi. Continental is a partner in two joint ventures in Iasi and Slatina and has a tire distribution center in Bucharest.

Source: SeeNews, 19 March