The manufacturer has a plant in Brasov County.

“We estimate profitable growth in each of our two sectors – industry and automotive, in 2018,” the Schaeffler Romania officials told ZF Transilvania.

Schaeffler Romania posted more than RON1.79 billion lei revenue, RON70.5 million net profit and had 4,194 employees on average in 2016, according to the Finance Ministry website.

Schaeffler Romania is one of the biggest investments in production facilities of the German group, which has invested more than EUR500 million in the 14 years its subsidiary has been in business. It plans new investments for 2019, such as construction of two buildings – a logistics and a research and development building.

(English version by Loredana Fratila-Cristescu)