Continental to invest EUR 27 million to expand Iasi office

Anca Alexe 14/06/2019 | 15:37

German automotive parts company Continental has started works on expanding its office building in Iasi, a project expected to be completed by March 2020.

The total investment in the expansion will reach EUR 27 million and will include space for 1,700 workers as well as a product testing and validation area. The total built area reaches 21,000 sqm.

Continental has 7 production units and four engineering centres in Romania – in Timisoara, Sibiu, Carei, Nadab, Brasov, and Iasi. It is also a partner in two joint ventures in Iasi and Slatina and has a tire distribution centre in Bucharest.

At the end of 2018, Continental had over 20,000 employees in Romania, a third of whom were engineers and computer scientists.

The company was founded in 1871. Globally, it had a EUR 44.4 billion turnover in 2018 and has about 245,000 employees in 60 countries.

Tags: ,
BR Magazine | Latest Issue

Download PDF: Business Review Magazine June 2024 Issue

The June 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “VTEX secures landmark partnership with major German retailer”. To
Anca Alexe | 06/06/2024 | 16:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue