Continental Romania to invest EUR 150 million 2022

MachinesNewsSouth-East European INDUSTRIAL Мarket - issue 1/2022 • 22.03.2022

Continental Romania to invest EUR 150 million 2022

The Romanian branch of German automotive parts supplier Continental announced it invested EUR 150 million in 2021 and intends to invest a similar amount this year. The company plans to invest in projects for expansion of its buildings and in new equipment for its engineering centers as well as in its tire, electronic components and ContiTech factories in 2022.

At the end of 2021, Continental employed over 17 500 people in its engineering centres and production facilities in Romania, compared to 20 100 at the end of 2020. The difference is due to the separation of the Powertrain division from the Continental group in 2019. The division was renamed to Vitesco Technologies.
Continental Romania has six production units and four engineering centers - in Timisoara, Sibiu, Carei, Nadab, Brasov and Iasi. The company also has a tire distribution center in Bucharest.

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