Siemens achieves 15% growth in Q1

Adrian Baicusi, the general manager of Siemens SRL says that the accelerated urbanisation trend is driving the growth of his company”s business.

He announced a growth in company turnover by 15% in the first three months of the year, compared with the same time last year.

Siemens derived a 350 million-euro turnover in Romania in 2005, up from the 200 million euros the year before.

In September, Siemens will open its fourth territorial office, in Constanta, and a fifth regional office, in Craiova, is scheduled for December. “These two regional offices will operate in the same fields: industry, fixed communications and medical technology,” Adrian Baicusi said. The company opened its third regional office in Iasi in April, which also focuses on industry, fixed communications and medical technology. Siemens also has regional offices in Timisoara and Cluj Napoca.

As for investment plans, the first item on the investment agenda of Siemens Romania for the near future is a new research and development centre, wherein the company will invest 1 million euros. Siemens Program and Systems, based in Brasov, will inaugurate the centre of Cluj-Napoca and hire 100 people by yearend. The development strategy of the company also includes an increase in the number of employees, which is now getting close to 3,000. In May, Siemens VDO Automotive finalised a significant investment in Iasi, where it opened a research and development centre that employs 75 people.

The most important investment Siemens Romania has made recently was the construction of a third production facility in Sibiu, Simea SRL.

The factory, which received more than 6 million euros to invest in the production hall and equipment, became operational last November.

Siemens VDO Automotive recently made another important investment, when the company spent more than 7 million euros on expanding its offices in Timisoara and opening the new offices in Iasi.