Siemens Sibiu facility built on surveys

Siemens’ electrical equipment factory in Sibiu has become operational this week. The facility is the first of its kind in Eastern Europe and the 5 million euro greenfield-type investment is part of the German group’s strategy to attain one billion euro annual turnover on the Romanian market in ten years. “The choice for the city by Cibin River for our investment was not at random, it was based on thorough market surveys in the Eastern European countries. The making of this investment thereby Siemens took one step forward in implementing the strategy to attain 1bn euro turnover in Romania in 2013,” Adrian Baicusi, Siemens Romania general manager said. ZF