Emerson Romania will lease an area of 14 hectares of land to build the facilities for different business units of the group.
This is the largest investment in Oradea over the last 20 years and will create 1,500 jobs.
The company plans to start early 2013 the construction of the first production unit with an initial area of 20,000 square meters, the statement also read.
Late 2013, Emerson will start construction works at another office building stretching onto 7,000 square meters.
Emerson has three manufacturing facilities and an engineering center in Romania. Its divisions operating in this country include those making electrical equipment, gas regulators and professional construction equipment.
Emerson group is a world leader in providing innovating solutions combining technology and engineering for the clients in the industrial, commercial and real estate sector. In fiscal year 2011, the company’s sales totaled $24.2 billion.