# Timken opens EUR 60 million bearing plant in Ploiesti, Romania

Timken has invested EUR 60 million in its second bearing plant in Ploiesti, Romania. The 15,000 sqm factory will employ 120 people and was inaugurated on June 13, 2017.

- Type: New facility
- Announced: 2017-06-14
- Where: Ploiesti, Romania
- Value: $67.0M (60.0M EUR)
- Jobs: 120
- Starts operating: 13 Jun 2017
- Status: completed
- Products: bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Timken](https://endata.com/companies/1700.md)

## Sources

- [romania-insider.com](https://www.romania-insider.com/timken-invests-usd-60-mln-new-bearing-factory-ploiesti), 2017-06-14: "This is a good example of the potential that exists in Romania for US companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.