Timken to Build Bearing Plant in Eastern Europe
The Timken Company recently announced that it will construct a new bearing plant near Ploiesti, Romania. The facility, which will be the company's second in Romania, will serve global demand for the company's highly engineered Timken tapered roller bearings in sizes up to 300 mm in diameter. Groundbreaking on the 15,000-square-meter site is expected in the first quarter of 2016, with start-up slated for early 2017. Initially, the facility will be operated by 120 associates.
"The new facility strengthens our footprint in Europe and further equips us to meet customer needs with our market-leading quality and service levels," said Christopher A. Coughlin, executive vice president and group president for Timken. "This investment further advances the company's strategic growth plan DeltaX, which includes geographic expansion, competitive manufacturing and accelerating product development-to-commercialization activities, allowing Timken to more efficiently meet local and global customer needs."
|The Timken Company|