One more Continental factory

German group Continental AG is planning to open a productive facility in Sibiu set to make electronic equipment for vehicles. This topic was discussed during a meeting between the group’s representatives and the minister of Economy and Trade Dan Ioan Popescu. “This investment will create about 1,000 jobs on the Romanian market and also facilitate a significant know-how transfer from Germany to Romania due to its high technological level,” the minister of Economy and Trade says. The group’s PR manager for Romania, Vesna Milencovici verified the project was in the planning stage, but would not provide further details. Talks with the Romanian official were attended by Wolfgang Ziebart, first vice-president of the group and chairman of the Continental Automotive Systems division, as well as by Peter Hochmuth, CFO of the Continental Automotive Products Timisoara, another division of the group. ZF