about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»

Continental invests six million Euro in a new R&D center in Brasov

Continental AG, the leading German automotive manufacturing, inaugurated on Tuesday a new center for research and development (R&D) in Romania at Brasov, following a 6 million Ero worth investment, a press release informs.

2016-09-28 17:14:50

"Continental has invested in a new engineering center because we develop software and innovative products in Romania for the automotive industry. We have 5,000 engineers in Romania which develop products and software for a more efficient mobility. This means responsibility transferred to Romania in the R&D teams here. Our engineers are working for the autonomous car, they develop interconnectivity apps in automotive industry, as well as energy efficiency and consumption apps. We need specialists in this field in all locations in Romania and we find these people in Brasov," Christian von Albrichsfeld General Manager of Continental Romania said.

The works on the new space lasted a year. 60 engineers will work in the coming years in the new location in Brasov. "The activity of our colleagues in this new location is dedicated to Fuel & Exhaust Management unit. Here they will develop projects for testing and validating products, as well as R&D activities," Joachim Zirbs, freshly appointed director of Continental Brasov unit.

The production unit in Brasov, which began operations in 2010, is one of the seven Continental factories in Romania. The plant focuses on technologies for fuel delivery, as well as electric fuel supply units or fuel pumps. During 1999-2015, the German automotive manufacturer invested EUR 1.13 billion in activities in Romania. All 5 Continental divisions are represented in Romania. Continental has 7 production plants and four research and development centres in Timisoara, Carei, Nadab, Brasov and Iasi.

There are 0 comments:

Validation Code

0 Comments  |  12696 Views
Daily Info
The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without...

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the ...

Office spaces are being adapted to millennials' requirements, says Colliers

One third of Central and Eastern European professionals (CEE) - Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria - believe their workplace will change over the...

Bucharest reached over one million employees this year, says C&W Echinox

The number of employees in Class A and B office buildings in Bucharest reached around 250,000 at the end of last year, while the total number of employees in the Capital excee...





More on News
TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...