Company officials did not mention any infor¬mation regarding the value of investment in this project.
Schaeffler makes components for the machine tool industry, for the automotive industry and large ball-bearings for industrial use in its plant in Cristian, 13 kilometers away from Brasov (central Romania). The plant in Brasov delivers components to all large producers in the automotive industry and in the wind power sector.
In 2019, the company inaugurated a new testing center in Brasov, which was finalized in less than a year from the start of the project. The second R&D building within the Schaeffler Romania campus covers 8,000 sqm and has ten test cells that ensure the entire infrastructure needed to carry out the activity, as well as some 25 test stands used to test engine components. The testing center is the second building intended for this activity within the Schaeffler campus in Brasov, alongside the engineering center inaugurated in 2012.
Schaeffler Romania reported a turnover of over RON2.6 billion (EUR539.8 million) in 2020, up 1.67% on the year, per ZF calculations based on company and finance ministry data. Schaeffler Romania reported a turnover of over RON2.55 billion in 2019, per finance ministry data. Schaeffler Romania reached 5,000 employees in 2020 and estimates approximately the same number of people in 2021 too.
The company was established in 2002, in Brasov, under the name of Ina Schaeffler (renamed as Schaeffler Romania in 2006). It started its activity in a leased hall of the former Tractorul factory, with some 100 employees.
Germany’s Schaeffler Group reported sales of approximately EUR12.6 billion in 2020.