BUCHAREST (Romania), March 29 (SeeNews) – BSH Hausgerate GmbH, a company of German engineering and electronics group Bosch, said on Thursday it plans to invest 110 million euro ($134 million) in new a washing machine factory n western Romania.
The home appliances manufacturer has acquired, through its Romanian subsidiary, a 40-hectare plot of land in in Simeria, western Romania, where it plans to build a production hall, a logistics centre and an office building, it said in a press release.
BSH plans to start production at the future factory in 2020.
Once additional production facilities have been set up, from 2022 the factory will have an annual production capacity of more than one million washing machines destined for the European market .
Over the next few years, BSH plans to create around 700 jobs at the new Romanian factory.
“Our growth strategy calls for consistent further development of regional markets and the expansion of production capacities. The new site in Simeria offers ideal conditions for producing modern washing machines and for the required logistics,” BSH chief operating officer, Michael Schollhorn, said.
Alongside Germany, Spain and Poland, the new site will in future be BSH’s fourth washing machine factory in Europe. BSH will then operate a total of nine washing machine factories worldwide.
Founded in 1967 as a joint venture of Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich), BSH is fully owned by Bosch Group since January 2015. With more than 61,800 employees worldwide, BSH produces the entire range of modern home appliances at 43 factories worldwide.
BSH is present in Romania’s capital Bucharest since 1999 through BSH Electrocasnice, a subsidiary active in the home appliances market.
On Monday, Bosch Group announced it has started the construction of its own engineering centre in Romanian northwestern city of Cluj-Napoca – an investment project worth 25 million euro.
The Bosch Group has been present on the Romanian market for 24 years and has approximately 6,500 employees in four entities.