$30m sales for Timken Romania

Timken Romania last year logged $30 million in sales, which means the company’s turnover has practically doubled in the past two years, as it has transferred part of its operations to Romania. However, Timken officials last spring said the group would restructure its Romanian-based operations. Back then, Timken Romania officials said that restructuring would secure the long-term competitiveness of this production facility, as it will help cut costs and improve the company’s general performance. ZF