Daimler will invest In Romania

German carmaker Daimler officially announces that in several months will open a factory in Sebes, a Transylvanian town with emerging economy. A former medieval town set up by German colonists (Saxons), Sebes (32 000 inhabitants) has already foreign investments valued at 500 millions Euros, according to business daily news wall-street.ro.

Daimler will invest 300 millions Euros to expand its transmission assembly facilities in Sebes city, Alba County, according to business-review.ro. Daimler will make the investments at its local subsidiary Star Transmission, which operates two facilities in neighboring Sebes and Cugir towns. The local plant currently produces Mercedes-Benz car engines and transmissions and employs around 800 people.

Foreign investments in Romania decreased in the last 4 years, year by year; ther level now is comparable to the years before Romania became member of European Union.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s