Contifluid, part of German group Continental, will invest more than $10m in building a plant in the Timisoara-based Friedorf industrial park. Radu Radoslav, head of the Timisoara City Hall Urbanism Division, told Mediafax that Contifluid had leased three hectares of land in the industrial park. The investment’s first phase will create 400 jobs, Radoslav added. The plant will be the second investment made by the Continental group in the Friedorf park, after the ContiTech factory, which makes transmission belts for General Motors and BMW. ZF
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Continental to invest another $10m
Contifluid, part of German group Continental, will invest more than $10m in building a plant in the Timisoara-based Friedorf industrial park. Radu Radoslav, head of the Timisoara City Hall Urbanism Division, told Mediafax that Contifluid had leased three hectares of land in the industrial park