“Romania is a pole of interest for companies operating in production sector on the backdrop of qualified workforce and competitive costs, as well as the proximity to the western markets. The expansion of production and the investments in the research-development sector prove Siemens’ commitment to Romania, undertaken 111 years ago,” Siemens SRL CEO, George Costache, stated.
The Sibiu-based plant, which produces electronic components and special cables, was opened in 2004. The plant in Buzias produces cooling components and systems for linear and torque motors, as well as asynchronous motors. It was opened in 2002.
Siemens had 1,780 employees in Romania at the end of financial year 2014-2015, ended September 30.
Siemens owns four plants in Sibiu and Buzias, as well as four research-development centers in Bucharest, Brasov and Cluj-Napoca.
In 2015, the company reported a 9.5% higher turnover, at RON632.3 million (EUR142 million).