06.12.2022
A LARGE COMPANY IS BUILDING A FACTORY IN ROMANIA INSTEAD OF BULGARIA, RECRUITING 700-800 WORKERS
The German company Diehl Controls, a division of the German Diehl group, will invest over 40 million euros in building a production base for electronic components in the Romanian city of Brasov, the local municipality announced. "The company aims to open the factory by 2024," reported the city hall of the Romanian city, which was competing with Bulgaria and Serbia for its new production.
The company, which specializes in the production of parts for household appliances, will build a research center and a manufacturing plant at the selected location.
Diehl's facility in Brasov will be its third in Europe, along with those in Germany and Poland. Upon completion, the factory will employ between 600 and 650 people, with another 100 to 150 jobs added for the company's research department.
According to the company's calculations, between 2023 and 2027, up to 20 million euros will be invested in the factory in Brasov, and for the period 2023-2033, the investment may reach 45 million euros.
The value of the new plant's output will grow from 35 million euros in 2024 to 100 million euros in 2025 and 160 million euros in 2027, according to Diehl's estimates.
"We chose the site in the Brasov area because it is close to the city where there is a university. The local authorities convinced us to choose Romania. We aim to start production in mid-2024. We are currently dependent on when we get the building permit, to start work, said Josef Fellner, CFO at Diehl Controls.
The research center and manufacturing unit will be built by industrial property developer CTP as part of a wider project. The new business park will have a total area of about 50,000 square meters, of which 18,000 will be leased to the German company, reports Romania Insider.
The Diehl company was founded in Germany in 1902. The company currently employs over 16,000 people, of which 3,687 work for Diehl Controls. The company is active in metalworking, electronic component manufacturing, defense, aviation and utilities. In 2021, Diehl recorded revenues of 3.1 billion euros.
