It will therefore hire 400 people to increase production and double revenue to more than EUR134 million in the next five years.
The investment Mahle started will take the number of employees from the current 700 to 1,100, while the revenue will double in five years. The company posted EUR68 million revenue in 2015, an increase of 17% on 2014, a growth pace Mahle wants to keep this year.
Mahle did not reveal the value of the investment, merely saying it will do so later, upon completion of the work estimated for September 2017.
“New projects are connected to new manufacturing processes and customers, the largest carmakers in Europe,” Cristian Leahu, general manager of the company, said.
This year’s new projects come from customers like Daimler and Volkswagen and Mahle’s aftermarket division.
Almost 90% of the production in Timisoara is exported and customers include Rolls-Royce, BMW, Mercedes-Benz, Volkswagen, Fiat, Renault and Dacia.
(English version by Loredana Fratila-Cristescu)