This is but one of the avenues for development the company is pursuing in Romania, and another one is ‘substantially’ boosting production capacity of the plant that ended the financial 2014/2015 with almost EUR37 million revenue.
“Miele Tehnica is in a new phase of business development in Romania. The company is now expanding by opening a software development division in Brasov,” says Hartmut Hohaus, general manager of Miele Tehnica.
The new division, which will serve the Miele group, will develop software for a wide range of Miele home appliances and professional products, he added.
Hartmut Hohaus has been running the plant since 2009, when it was inaugurated less than a year after construction work started.
The executive has previously said Miele had chosen Romania over other SE Europe countries for the plant because of the education provided by universities specializing in electronics industry, because of labor productivity, know-how in the field of electronics and the overall cost structure. The company is now developing an IT division but continues to expand the plant, as well.
Plans for the next two years include a substantial increase in production capacity and investments in state-of-the-art equipment and technology, the executive said, without specifying how much the company was going to invest.
Miele invested EUR1 million in the expansion of the production capacity of the plant last year, as well.
The new expansion is the third in the last three years. The plant in Brasov was a EUR24 million greenfield investment. The company continues investment in the plant, which posted EUR36.4 million revenue in the financial 2014/2015 and estimates 15.5% growth to EUR42 million in the financial 2015/2016, its general manager said.
(English version by Loredana Fratila-Cristescu)