The company will start the work on the new facility in the first quarter of the next year, and the production should kick off at the beginning of 2017. Initially the factory, which will cover some 15,000 sqm, will employ 120 people.

The group has brought some EUR 22.6 million in Romania this year, as contribution to the capital of a new company Timken PWP, reports local Ziarul Financiar. Timken opened its first factory in Ploiesti in 1997, which now hires almost 900 people.

“We will continue to benefit from the proximity with our current plant in Ploiesti,” said Andreas Roellgen, Timken operational director for Europe.

The US group had sales of USD 3.1 billion last year. (source: Romania-insider.com)