Continental AG Opens New EUR 40 Million Plant in Romania-SeeNews - The Corporate Wire

Monday, 30 Sep 2013 05:00pm EDT 

SeeNews - The Corporate Wire reported that Continental AG has inaugurated a EUR 40 million (USD 54.3 million) fuel pump production unit in the Industrial Park Ghimbav, Romania. The new factory near Brasov, combines the production of electrical fuel pumps, molding and the assembly of the fuel supply unit, the company said in a statement, quoting Mr. Markus Distelhoff, Director of the unit. Located in the central part of Romania, the plant will employ 500 people by the end of 2013. As of end-2012, Continental AG had invested more than EUR 700 million in its activities in Romania. It has three research and development centers in Timisoara, Sibiu and Iasi and the three plants located in Timisoara, Sibiu and Brasov. 

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