Siemens builds plant in Sibiu

German group Siemens will open an electrical equipment plant in Sibiu next month, following a green-field investment worth 5m euros, according to the Romanian Agency for Foreign Investment (ARIS). Siemens Electrical Installation Technology SRL Sibiu is a production platform that will employ 200 people. According to ARIS, German group Siemens, one of the world’s largest corporations, sees the Romanian market as the key element to build a successful business in the entire region. Siemens plans to post 1bn euros in turnover in the next ten years. ZF