Schaeffler makes large ball bearings for various industries and exports almost its entire output. Its customers are GKN, Renault (Dacia), Ford, VW and Daimler on the automotive segment and Siemens, Winergy, Enercon and Trumph on the industrial segment. Its products are branded as LuK, INA and FAG.
Its most important investment this year will be the opening of an engineering center where a team of up to 300 engineers will design and develop products and manufacturing processes or optimizations. Last year’s turnover stood at about 1.45 billion lei (EUR333 million), up 12% on 2010. The company did not provide estimates for this year’s results. (EUR1=RON4.3553)
(English version by Loredana Fratila-Cristescu)