Continental and Draxlmaier looking to invest EUR 169 mln in Romania throughout 2013

Newsroom 26/09/2011 | 15:21

Ion Ariton, the Romanian minister of Economy, Commerce and Business Environment, met last week with representatives of two German companies that want to extend their investments in Romania. The meeting took place during the Romanian-German Conference for SMEs.

The German car-parts makers Continental and Draxlmaier want to invest up to EUR 169 million in Romania through 2013, according to Bloomberg newswire that quotes the Economy minister.

Continental is planning a EUR 15.7 million expansion of the Contitech Fluid Automotive plant. Another EUR 71 million will be put for expansion works in the western Romanian city of Timisoara. A new unit will be opened in Sibiu city, with a price-tag of EUR 35 million, and a new fuel-pump plant worth EUR 20 million will be opened in Brasov city.

Draxlmaier is looking to invest EUR 26.8 million in Romania, according to Ion Ariton who met with the management of the German company.

Ovidiu Posirca

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