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.