German group HARTING Technology  has invested EUR 5.5 million in expanding and refurbishing its production unit in Romania.

German group HARTING Technology range of products and solutions comprises connectors, device connection technology, network components and ready-to-use system cables.

HARTING  Tehcnology Group products connect and network devices, machines and facilities via data, signal and power ; offerings also enable solutions for the following markets like automation technology, energy, transport technology, machine construction, medical technology and infrastructure.

HARTING  Group also produces electro-magnetic components for the automobile industry.

HARTING Technology Group is pressing ahead with its growth strategy and 14 years after opening its production facility in Sibiu, Romania, the large-scale expansion of the production plant is now complete.

At the end of 2002, as reminded by Gianmauro Sherman Nigretti, HARTING Technology Group and a partner company began their production, initially in a leased building in the centre of Sibiu and in mid-2007  they opened a new plant in the West Industrial Park of Sibiu,  four-hour drive from the capital Bucharest.

The Romania facility plays an important part in the Group’s global growth strategy and the expansion of production in  Sibiu (Romania) and the construction of  new building are confirming their growth.

HARTING Technology Group  Romania is the largest factory owned by the group outside Germany. The company has an annual turnover of over EUR 35 million for the production of industrial connectors.

The number of employees is expected to grow by 100 until 2019 and the total area of HARTING Romania Manufacturing SCS has increased by nearly 7,000 square metres to about 12,000.

The Espelkamp-based HARTING Technology group (Minden-Lübbecke district) remains on a clear path for growth: sales during the recently ended 2015/16 fiscal year (September 30) rose by 3.4 % to €586 million (previous year: €567 million). Excluding negative currency effects, growth would have amounted to 3.9%. That said, total sales nevertheless reached a new record high. Growth at the company is thus in line with the cautious forecast made by HARTING Board Chairman Philip Harting at the last annual press conference, held in December 2015.

The technology group has positively entered into the new 2016/17 financial year, with a significantly stronger fourth quarter to achieve stronger growth again in the current financial year, thanks to new products and solutions, too.

Sources : romaniapress.com  –  romania-insider.com  –  harting.com