Continental is expanding its production of electronic components in Romania, with an investment of 40 million euros

Must Read

Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit...

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of...

By RBJ
Continental has completed the construction of the third expansion of the electronic components factory in Timisoara, with an investment of approximately 40 million euros, according to a company press release.
With the new investment, the production area will increase by more than 7,000 square meters, which means an increase of more than 60% of the space (it will reach about 18,000 square meters for production). Parking spaces, a technical area, offices and a green area were also added.
“What used to mean horsepower under the hood is now user experience. To meet our customers’ growing demand, we need to pursue the most advanced digitization, standardization and automation possible – and that’s exactly what we’re doing with our new mega-factory strategy. The continuation of the implementation of Industry 4.0 technologies represents another leap into the future. The digitization of production processes, as well as the use of state-of-the-art equipment, means another step in ensuring the quality of our products and services. Therefore, in the electronic components factory in Timisoara, we focus on a sustainable future,” said Lucian Mărgineanu, director of the automotive production unit in Timisoara.
The expansion involves the commissioning of production lines for the latest technologies, increasing the range of products that the megafactory in Timisoara will develop for the new fields of interest of the automotive industry. The development of the location also brings with it new positions, both for operators and for specialists in the production area.
“The new expansion represents the work and results that our colleagues here have had over the years. In these difficult times worldwide, Continental trusts in people, in their experience and in their skills and invests in their future. The investment in Timisoara emphasizes the importance of the location for the company, as well as the confidence in the quality of the products and technologies made here. We take advantage of the presence in the same place of the research and development center and the production unit and create synergies that lead to a sustainable development of the company, to innovation and new ideas put into practice to shape the future of the automotive industry,” stated Christian von Albrichsfeld, Head of Country Continental Romania.
The electronic components factory in Timisoara produces over 17 million products annually. Airbag control units, electronic parking systems, control units for various technologies such as air suspension, power steering, suspension adjustment and dynamic load stabilization, Head-Up and Combiner Head-Up display units and on-board instruments are manufactured here. . Over time, the factory developed in the direction of Industry 4.0, integrating equipment and technologies such as the innovative storage system, the trigeneration system and others.
Continental, a company with a technological profile founded in 1871, achieved a turnover of 33.8 billion euros last year and currently has over 190,000 employees in 58 countries and markets.
Between 1999 and 2021, Continental invested over 2 billion euros in its activities in Romania. All three fields of activity of the company are represented in Romania. Continental owns six production units and four engineering centers in Timisoara, Sibiu, Carei, Nădab and Iasi. The company has a tire distribution center in Bucharest. At the end of 2021, Continental had over 17,500 employees, of which over a third were engineers and computer scientists and will continue to hire depending on future projects.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit the Romanian market in 2023....

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of the end of 2020, at...

OVES Enterprise expands its international presence and opens its first US office in Silicon Valley

By RBJ OVES Enterprise, a software development company from Cluj-Napoca, expands its international presence and opens, in Silicon Valley, in Palo Alto, the first office...

In difficulty and restructuring after the loss of business in Russia, the OMV Group is delaying investments in Romania

By RBJ The Austrian group OMV became a major regional player in the field of hydrocarbons starting in 2004, after buying the Romanian company PETROM....
- Advertisement -

More Articles Like This

- Advertisement -