BUSINESS

Timken builds new ball bearings plant in Ploiesti

America’s Timken Group informed on Thursday that it will build a new ball bearings plant in Ploiesti, its second production plant in Romania, PRNewswire informs.
Work on the new plant, which will cover a surface area of 15,000 square metres, is set to start in the first quarter of next year and production at the plant will start in early 2017. At first, the plant will have 120 employees.
“The new plant will consolidate our position on the market in Europe and will allow us to meet our clients’ needs. This investment allows the continuation of the company’s strategic plan which includes geographic expansion, competitive production and the acceleration of product development and commercialisation activities, allowing Timken to more efficiently meet its local and global clients’ needs,” Timken Vice President Christopher A. Coughlin stated.
“Since 1997, when we started to produce ball bearings in Ploiesti, we have formed a team of talented employees and we have benefitted from a positive business sector. We will continue to take advantage of the proximity to our current plant in Ploiesti, relying on its infrastructure and talents in order to expand our capacities,” Timken Europe Director Andreas Roellgen stated.
Timken has 63 production units and services centres worldwide, including 8 production units in Europe – in France, Italy, France, Poland, Romania and United Kingdom. Timken registered sales of USD 3.1 bln in 2014.

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