German automotive components and tires supplier Continental has acquired 32 hectares of land from the Timisoara Mechanical Factories (UMT) and Prompt groups, to expand their storage capacity and optimize overall logistic costs.
Continental has 20,000 employees in Romania, seven production units and four research and development centers in Timisoara, Sibiu, Carei, Nadab, Brasov and Iasi.
The company is part of a joint venture in Slatina and has a tire distribution center in Bucharest.
In its 18 years of activity in Timisoara, Continental has invested over EUR 460 million in its tire factory and created more than 2,500 jobs.
Continental Tires Timisoara has produced and delivered 200 million tires to customers worldwide. In Timisoara, the company produces a wide range of tires, ranging from 13 to 20 inches, in line with market requirements, including premium tires, innovative electric car tires, and light commercial vehicle tires (VAN).