“These estimates are based on both the orders from our customers and on the trend of the global economy according to the current forecasts, as well as the new projects Schaeffler Romania has planned and will embark on soon,” the Schaeffler Romania officials told ZF Transilvania.
“Last year we inaugurated our second research and development center and next year we plan to inaugurate a new production facility (…). The important projects are progressing according to plan, and we are happy to be able to continue our local development strategy.”
Schaeffler Romania posted more than 2.55 billion lei (some EUR540 million) revenue in 2019, 16% higher than in 2018, ZF has calculated from Finance Ministry data. It made more than RON28 million loss compared with an about RON53 million profit in 2018.
Schaeffler makes automotive and machinery components and industrial ball bearings in its plant in Cristian, near Brasov.
(English version by Loredana Fratila-Cristescu)