The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
3,000 jobs Number of planned job creations
Announcement Date
24 May 2005
Employment effect (start)
Foreseen end date
30 November 2007
Description
Ina Schaeffler, a German company specialised in the production of ball bearings and components for the automotive industry, has reached the halfway stage of its investment in Brasov (Centru region). The total investment is expected to reach around €180 million.
‘We’ve completed the building for the company’s second production unit and we can now start working on the production lines. So far, we have invested €90 million’, said the chief of operations from Ina Schaeffler in Romania.
The total area of the project is expected to exceed 50,000 square meters and at full capacity it will have more than 3,000 employees.
The project began mid-2003 and is scheduled for completion in the autumn of 2007.
Production will focus on linear technical components for the machine tool industry and gears and engine parts for the car industry. The group decided not to produce ball bearings in Romania because of the already existing facilities owned by Ina Schaeffler worldwide.
In the first stage, the entire production from Brasov will be exported to foreign markets. Ina Schaeffler group has 58,000 employees worldwide and the 2004 turnover reached 7.2 billion euro.
Sources
25 May 2005: Ziarul Financiar
24 May 2005: Ziarul Financiar
Citation
Eurofound (2005), Ina Schaeffler, Business expansion in Romania, factsheet number 61661, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61661.
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